3 Jun 2015
UK-Qatari mobile and broadband joint venture Vodafone Qatar has announced a 16% rise in its twelve-month revenues to QAR2.31 billion (USD634 million) in its financial year ended 31 March 2015. The operator’s annual net loss was reduced by 12% from QAR246 million in the previous year to QAR216 million, while Vodafone maintained a stable EBITDA margin of 25% ‘in challenging market conditions’, the company added. Mobile customers grew 9% year-on-year to 1.44 million at end-March 2015.
Vodafone Qatar, which ended state-controlled Ooredoo Qatar’s domestic monopoly in 2009, made a net loss of QAR66 million in the three months to 31 March 2015, according to Reuters calculations based on company statements, which widened compared to a quarterly net loss of QAR33 million in January-March 2014.