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FinancialNews
30-07-19
60 percent surge in Vodafone Qatar net profit
(MENAFN) Vodafone Qatar registered a significant 60 percent surge in its net profit from January to June 2019, reflecting strong performance during the period in all indicators.
Revenue of the Qatari company recorded a 1 percent boost during the first half of the year due to Postpaid subscribers growth as well as higher home broadband.
Meanwhile, EBITDA jumped by 26.2 percent as a result of higher revenue, constant effective cost management and the application of International Financial Reporting Standard (IFRS) 16.
Margin of EBITDA also posted a 6.7 percentage points increase during the period, standing at 33.7 percent.
MENAFN3007201900450000ID1098822557
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