Vodafone Qatar posted a QR48mn net profit in the first quarter, up 10% year-on-year, and company’s highest achieved quarterly net profit so far.
Total revenue increased by 1% year-on-year to reach QR541mn driven by continued growth in the company’s postpaid and fixed broadband services (GigaHome).
Service revenue grew by 7.2% to reach QR508mn.
Vodafone Qatar is now serving 1.73mn mobile customers.
EBITDA for the period increased by 11% year-on-year to reach QR200mn, positively impacted by higher service revenue, the continued effectiveness in implementing the company’s cost optimisation programme, and lower local termination rates. Consequently, EBITDA Margin rose by 3.2 percentage points to 37%.
Vodafone Qatar provides a comprehensive range of services including voice, messaging, data, fixed communications, IoT and ICT managed services in Qatar, for both consumers and businesses alike. The company commenced commercial operations in 2009.
Its state-of-the-art network infrastructure is expanding to cover key locations in the country with fibre connectivity and 5G, along with an extensive digital ecosystem, which will contribute to Qatar's continued growth and prosperity.
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