Vodafone Becomes Profitable with a Net
Profit of QR17.5 Million in First Quarter of 2018
May 1, 2018
Vodafone Qatar's net profit amounted to
QR17.5 million compared to a net loss of QR74.2 million for the
same period last year. The company’s earnings per share reached
QR0.02 in Q1 2018, versus a loss per share of QR0.09 for the
corresponding period in 2017.
The Group’s Comments:
The revenues of Vodafone Qatar rose slightly
in the first quarter of 2018 to QR531.9 million. The company’s
connectivity and network expenses decreased marginally to
QR336.9 million, and personnel costs rose to QR60.4 million. As
a result, the company recorded its first net profit of QR18.9
million, versus a loss of QR74.2 million in the corresponding
period of 2017.
|