Vodafone Qatar’s revenues up 39%, swings to positive EBITDA

Vodafone Qatar has announced its financial results for the nine months ended 31 December 2011. Total mobile and fixed network revenue was QAR906 million (USD249 million) for the nine-month period, a 39% increase compared to the same period last year. Earnings before interest, tax, depreciation and amortisation (EBITDA) of QAR102 million for April-December 2011 compared to a loss of QAR31 million for the same period of 2010, while Vodafone reported a 21% improvement in 9M net loss year-on-year, to QAR359 million. Mobile monthly average revenue per user (ARPU) for the three quarters ended 31 December 2011 was QAR111, a 1.4% decline year-on-year, although Vodafone added that adjusted nine-month ARPU of QAR113 represented a 0.4% year-on-year increase which reflected the underlying impact of an adjustment to customer numbers. It reported 797,000 mobile customers at 31 December 2011, up 12% year-on-year, reflecting an adjustment of 46,000 to remove pre-activated SIM cards from the base following a technical systems upgrade.