Vodafone Qatar narrows net loss by 12% in FY to end-March 2015

Vodafone Qatar reported that for its fiscal full-year to end-March 2015 the operator experienced mobile customer growth of nine per cent to 1.44 million.

The cellco reported revenue for the year amounted to QAR2.31 billion (US$635 million), up 16 per cent year-on-year, while ARPU amounted to QAR122.

Vodafone Qatar’s EBITDA margin was stable at 25 per cent, with EBITDA for the full financial year coming in at QAR 566 million, an increase of 14 per cent year-on-year.

Net loss improved by 12 per cent to a loss of QAR216 million, while capital investment increased 68 per cent to QAR579 million, representing 25 per cent of revenue reinvested.

The Vodafone Qatar board recommended a dividend payment to its shareholders of 2.1 per cent of nominal share value (QAR 0.21 per share), representing a 24 per cent increase on the company’s maiden dividend paid last year.