Vodafone Qatar narrows Q2 net loss by 28% year-on-year

Vodafone Qatar divulged its operating highlights for the quarter to end-June 2013, offering the following KPIs:

· 1,146,000 mobile customers as at June 30; an increase of 31 per cent compared to June 2012 and 5.7 per cent growth over the previous quarter

· Quarterly revenue of QAR459 million (US$126 million); 31 per cent growth over the same quarter last year and 5.5 per cent growth over the previous quarter

· Mobile ARPU was stable at QAR123

· EBITDA reached QAR99 million; an increase of 92 per cent year-on-year

· Distributable profit was QAR 16 million for the quarter and

· Net loss reduced to QAR 85 million; an improvement of 28 per cent over the same quarter last year.

Vodafone Qatar is a joint venture between Vodafone and the Qatar Foundation and has 55 per cent of its shares listed on the local stock market. Vodafone Group’s effective interest in the company in 23 per cent.