Qatar number one operator Qtel grew its revenue by 16 percent in 2011 to hit QAR31.8 billion (US$8.74 billion) but recorded net profit of QAR2.6 billion, down 9.8 percent compared to 2010. During the fourth quarter of 2011, the operator hit revenue of QAR8.2 billion, up 14 percent on the same quarter in 2010 and net profit of QAR603 million, up 33.4 percent.