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FINANCIAL NEWS
Vodafone Qatar posts decline of USD 49.5mn in Q4
17 May 2016
(MENAFN) Vodafone Qatar, posted a widening Q4 decline which reached USD 49.5mn in the three months to March 31.
On the other hand, the firm posted a loss of USD 18.12mn in 2015, while its financial year starts on April 1.
In addition, the company currently recorded widening losses for six straight quarters as Ooredoo cut prices to expand its revenue share.
Moreover, Vodafone net loss for 2015-2016 was USD 127.83mn, compared with a loss of USD 59.23mn in the previous year.
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