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Vodafone Qatar Revenue Now growing Faster than its Customer Base

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Note -- this news article is more than a year old.

Vodafone Qatar has reported that it increased its customer base by over a quarter during the last nine months of last year, while growing its revenue by nearly a third at the same time.

For the nine months to the end of December, the company grew its customer base by 27% to 1.27 million, while revenue was up by 31 percent to QAR1.43 billion (USD392 million). EBITDA reached QAR344 million, an 89% improvement year-on-year.

Mobile average revenue per user (ARPU) increased to QAR125; this is growth of 3.6% year-on-year.

The company generated distributable profits of QAR89 million (USD24 million), versus a loss of QAR25 million a year ago.

Vodafone Qatar Chairman, H.E Dr Sheikh Khalid Bin Thani Al Thani commented , "Generating positive Distributable Profits is a key target of ours and should give  shareholders confidence, that the business is moving in the right direction."

Vodafone Qatar is a joint venture between Vodafone and the Qatar Foundation and has 55% of its shares listed on the local stock market. Vodafone Group's effective interest in the company in 23%.

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Tags: vodafone qatar  Qatar