Vodafone Qatar has reported an impressive 65.5% year-on-year growth in net profit to QR134mn in the first half (H1) of this year.
The profitability was mainly driven by stronger Ebitda (earnings before interest taxes depreciation and amortisation), which grew 21.1% on a yearly basis to QR472mn in the review period.
The Ebitda was “positively” impacted by higher service revenue and continued cost optimisation initiatives. The company's Ebitda margin improved by 4.2 percentage points year-on-year to 40.6% in the review period.
Total revenue expanded by 8.5% year-on-year to QR1.16bn in January-June this year, driven by continued growth in the company’s postpaid revenue and fixed broadband services in addition to higher handset sales.
The services revenue was up 7.8% year-on-year to QR1.08bn in the first six months of this year.
Total number of mobile customers grew 3.9% year-on-year to QR1.71mn at the end of June 30, 2021.
Vodafone Qatar provides a comprehensive range of services including voice, messaging, data, fixed communications, Internet of Things and ICT (information ad communication and technology) managed services in Qatar, for both consumers and businesses.
Its network infrastructure is expanding to cover key locations in the country with fibre connectivity and 5G, along with an extensive digital ecosystem, which will contribute to Qatar's continued growth and prosperity.