Vodafone
Qatar Discloses Its Financial Statements for the Full Year Ended
31/03/2017
May 18, 2017
Vodafone Qatar disclosed its financial statements for the period
ended on 31/03/2017. The statements show that the net loss is QR
(269.2) million compared to net loss amounting to QR (465.7)
million for the same period of the previous year.
Loss per share amounted to QR (0.32) for the period ended on
31/03/2017 compared to loss per share amounted to QR (0.55) for
the same period of the previous year.
The Board of Directors recommended to the Annual General
Assembly not to distribute dividend in order to accelerate
investment in coverage and fixed line opportunities.
The
Group's Comment
Though
Vodafone's income declined by 2.85% to QR2059 million in 2016,
total expenses fell by 11.4% to QR 1522 million.
Consequently, the company achieved an operational profit
worth QR 536.5 million, up by 33.8% compared to last year.
Deducting amortization and depreciation, financing cost, then
the company's loss drops by 42.2% to QR 269.2 million. Hence,
the accumulative loss incurred since incorporation increased by
11.1% to QR 3.97 billion.
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