Vodafone Qatar P.Q.S.C. (“Vodafone Qatar” or the “Company”) announced its consolidated financial results for the six months ended 30 June 2023 with improvement across all key performance indicators.
The Company reported its half-yearly net profit of QR260m, representing an increase of 20.1 percent year-on-year, mainly driven by higher EBITDA.
Total Revenue increased by 8 percent year-on-year to reach QR1.55bn due to continued growth in the Company’s postpaid, fixed broadband services (GigaHome), managed services, Internet of Things (IoT) and handsets. Service revenue grew by 11.8 percent to reach QR1.37bn.
EBITDA for the period increased by 7.5 percent year-on-year to QR634m primarily driven by higher service revenue and the continued effectiveness in implementing the Company’s cost optimisation programme. EBITDA margin largely stable at 40.9 percent. Vodafone Qatar is now serving 2.1 million mobile customers representing an increase of 4.1 percent year-on-year.
Source: https://thepeninsulaqatar.com/article/27/07/2023/vodafone-qatar-h1-net-profit-rises-201-to-qr260m