Vodafone Qatar posts first FY net profit as revenue returns to growth, postpaid customers up 24%

Tuesday 12 February 2019 | 14:22 CET | News
Vodafone Qatar said that revenue returned to year-on-year growth for the first time in four years, increasing 5.1 percent to QAR 2.10 billion in the twelve months to 31 December 2018 from QAR 1.99 billion in 2017. It was driven by growth in postpaid, fixed and handset revenue as well as an effective cost optimisation programme. EBITDA rose to QAR 584 million from QAR 538 million in 2017, up by 8.5 percent, thanks to the higher revenue and lower costs, and the EBITDA margin improved by 0.9 percentage points to 27.8 percent from 26.9 percent.

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Categories: Mobile & Wireless
Companies: Vodafone Qatar
Countries: Qatar
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