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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.

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