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FINANCIAL NEWS
Vodafone Qatar’s Q3 loss falls to USD23.92m
17 Jan 2013
(MENAFN) Vodafone Qatar announced that its loss fell to USD23.92 million in the third quarter from a USD33.51-million loss in the same period a year earlier, reported Arabian Business.
The Vodafone Group unit attributed the results to the growth posted in its subscriber base and revenue per user in the 3 months ended December 31.
In the quarter, revenue rose to USD108.59 million, compared with USD86.68 million in the previous year.
Meanwhile, average revenue per user (ARPU) rose an annual 8.4 percent to USD33.21.
As of December 31, the operator had 1 million mobile clients, up by 26 percent from a year ago.
It is worth noting that Vodafone Qatar’s fiscal year begins on April 1.
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