Doha: Vodafone Qatar P.Q.S.C. announced its consolidated financial results for the six months ended 30 June 2022 with improvement across all key performance indicators.
The Company reported its half-yearly Net Profit of QR216m, representing an increase of 61.3 percent year-on-year, mainly driven by higher EBITDA.
Total Revenue increased by 23.5 percent year-on-year to reach QR1.44bn led by growth in the Company’s postpaid, prepaid, fixed broadband services (GigaHome), IoT, managed services and projects revenue. Service Revenue grew by 14.1 percent to reach QR1.23bn. EBITDA for the period increased by 25.2 percent year-on-year to QR590m led by higher service revenue and the continued effectiveness in implementing the Company’s cost optimisation programme.
EBITDA margin further expanded by 0.5 percentage points to reach 41.1 percent. Vodafone Qatar is now serving more than 2 million mobile customers representing an increase of 17.6 percent year-on-year.