Doha – Mubasher: Ooredoo, the dual-listed company on both the Qatar Stock Exchange (QSE) and the Abu Dhabi Securities Exchange (ADX), reported a 24.9% year-on-year rise in the third quarter of 2017.

The telecom services company achieved profits of QAR 462.22 million ($126.93 million) in Q3-17, versus QAR 370.14 million in Q3-16, the firm added in a filing to the QSE.

In the first nine months of 2017, net profit declined 14.9% to QAR 1559 million from QAR 1832 million in the prior-year period.

Earnings per share (eps) amounted to QAR 4.87 in the nine-month period ended 30 September 2017, compared to eps of QAR 5.72 in the year-ago period.

Ooredoo had previously posted that its profits dropped 25% in the first half of 2017 to QAR 1096.78 million, versus QAR 1461.86 million in H1-16.