Viva Kuwait Q4 profit up 17%

Company's 2014 net profit was 40.36 million dinars
Viva Kuwait Q4 profit up 17%


Viva Kuwait has reported a 17% growth in 4Q profit as revenue increased faster than operating costs, as Reuters reported.

The operator published a profit of 11.08 million dinars ($36.85 million) in the three months to Dec. 31, according Reuters calculations based on company statements. In the prior-year period, the company made 9.49 million dinars profit.

The company's 2014 net profit was 40.36 million dinars, up from 24.25 million dinars in 2013, as the telco stated. Full year revenue grow 31% to 238.97 million dinars in 2014, while operating costs increased 8% to 126.26 million dinars.

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