In the annual report published this week; Wateen posted Rs 1,994 million as after tax loss in the year ended June 30, 2010 (FY10) as compared to profit after tax of Rs 927.763 million in the corresponding period in FY09.

Forecasts had initially projected a loss of Rs. 2,071 million for the same period.

Wateen Telecom today announced that it has received Rs. 2.1 billion as emergency fund injection from Dhabi Group.Wateen didn’t say any word on the type of funding, however, it is assumed that its a soft loan – spanning over a longer duration of period.