Vodafone Qatar's Net Loss in Q1, 2017 Drop 42% to QR 57.1 Million   
Loss per share stood at QR 0.07

July 30, 2017
 
Vodafone Qatar net loss in the first quarter ended June 30, 2017  fell 42.7% to QR 57.1 million compared to a net loss of QR 99.6 million in the corresponding period last year. The loss per share stood at QR 0. 07 versus a loss per share of QR 0. 12 in the corresponding period in 2016.
 
The Group Securities Comment:
 
Vodafone's total revenue increased by 3.1% to QR 515.8 million and its total expenses decreased by 5.8% to QR 377.1 million, including QR 182.3 million interconnection expenses,  QR 136.2 network and rental expenses and QR 58.6 million operating expenses. Depreciation and amortization provisions decreased by 30% to QR 128.3 million. After deducting QR 7.4 million in financing costs, net loss decreased by 42.7% to QR 57.1 million compared to QR 99.6 million in the corresponding period last year.