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FINANCIAL NEWS
Vodafone Qatar revenue up 21 percent in 9M
31 Jan 2015
(MENAFN) Vodafone Qatar’s said its total revenue grew by 21 percent to USD474.59 billion for the nine months ended December 31, 2014, The Peninsula Qatar reported.
The company’s mobile customer base expanded to 1.414 million, up 11 percent, compared to December 2013. Vodafone’s mobile average per user (ARPU) remained at USD34.29 for the period.
Distributable profit increased 71 percent to reach USD41.69 million. The company’s net loss for the period recorded USD41.15 million, a 30 percent improvement compared to the same period last year.
“The Qatari telecom market has witnessed some major changes in the period, in particular the prepaid segment due to extremely competitive pressure on prices,” Vodafone Qatar’s Chairman said.
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