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Qatar Telecom said on Thursday its first-quarter net profit fell 36.5 percent, but the results beat analysts' expectations. The company reported a first-quarter profit of 762 million Qatari riyals ($209.5 million), down from 1.2 billion riyals in the year-earlier period. Analysts polled by Reuters had expected the firm to post a quarterly profit of 689 million riyals.

Copyright Reuters, 2011

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