Vodafone Qatar 9-month net profit jumps 58% to QR200mn
October 14 2021 11:56 PM
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Vodafone Qatar
Vodafone Qatar, which commenced commercial operations in 2009, has posted the 'highest ever' net profit

Vodafone Qatar posted a 58.1% increase in its nine-month net profit to QR200mn in September, mainly driven by higher EBITDA.
In the same period last year, the company had earned a net profit of QR74mn.
This is the “highest ever’ net profit for Vodafone Qatar, which commenced commercial operations in 2009.
Vodafone’s nine-month consolidated financial results show improvement across all key indicators.
Service revenue grew by 8.7% to QR1.63bn, while total revenue grew 8.3% to QR1.75bn.
Earnings before interest, taxes, depreciation, and amortisation (EBITDA) increased by 21.8% to QR720mn, Vodafone Qatar said yesterday.
As of September, Vodafone’s total mobile customers in Qatar stood at 1.8mn.
Net Profit for the third quarter 2021 increased by 45.3% year-on-year to reach QR66mn.
Total revenue for the period improved by 8.3% year-on-year to QR1.75bn, led by continued growth in the company’s postpaid revenue and fixed broadband services.
In addition, within the enterprise segment, Vodafone has extended beyond connectivity with a portfolio of managed services and smart ICT solutions such as Internet of Things, Big Data and Cloud that some of the country’s biggest entities have adopted.
Service revenue grew by 8.7% to reach QR1.63bn.
Vodafone Qatar said EBITDA year-on-year increased by 21.8% to reach QR720mn, supported by the higher service revenue and continued cost optimisation initiatives.
Consequently, EBITDA margin improved by 4.6 percentage points year-on-year to reach 41.3%.
 
 



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