Vodafone Qatar Reports 61% Jump In Half-Yearly Net Profit To...| MENAFN.COM

Wednesday, 28 September 2022 08:35 GMT

Vodafone Qatar Reports 61% Jump In Half-Yearly Net Profit To Qr216mn


(MENAFN- Gulf Times)

Vodafone Qatar has reported its half-yearly net profit of QR216mn, representing an increase of 61.3% year-on-year (y-o-y), mainly driven by higher EBITDA. Net profit margin increased by 3.5 percentage points (pp) to 15.1%.
Total revenue increased by 23.5% y-o-y to reach QR1.44bn, led by growth in the company's postpaid, prepaid, fixed broadband services (GigaHome), IoT, managed services, and projects revenue. Service revenue grew by 14.1% to reach QR1.23bn.
EBITDA for the period increased by 25.2% y-o-y to QR590mn led by higher service revenue and the continued effectiveness in implementing the company's cost optimisation programme. EBITDA margin further expanded by 0.5pp to reach 41.1%. Vodafone Qatar is now serving more than 2mn mobile customers, representing an increase of 17.6% y-o-y.

MENAFN09082022000067011011ID1104672004


Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.