Vodafone Qatar slims H1 net loss to US$44 million to end-September

Vodafone Qatar reported H1 revenue to September grew by 33% per cent year-on-year from a combination of strong customer growth and an improving ARPU, which resulted in more than a doubling of EBITDA year-on-year.

Half-year operational highlights included:

– 1.19 million mobile customers as at end-September; up 27 per cent year-on-year

– Total revenue of QAR 925 million (US$254 million) for the six months to end-September 2013; representing 33 per cent growth over the same period last year

– Mobile ARPU increased by five per cent to QAR124

– EBITDA reached QAR 210 million for the six months; an improvement of 105 per cent year-on-year 

– Reduction in net loss to QAR 160 million for the six months from QAR 240 million in the previous period