(The Group’s Comment)  Vodafone Qatar Net Profits Rises by 43.7% to QAR 108.4 Million in the 3^rd Quarter 2019

Ø  Profits: increased for the first nine months of 2019 to QAR 108.4 million compared to QAR 75.4 million, an increase of 43.8%. Earnings per share for the period amounted QAR 0.026 versus QAR 0.018 for the equivalent period last year 2018. Concerning the 3^rd quarter profits, it amounted QAR 30.3 million versus QAR 26.7 million of the 3^rd quarter last year 2018. However, the company did not register any assessment variations in comprehensive income statement of the period.

Ø  Revenues and profits: Revenues increased by 1.2% to reach QAR 1553.2 million against QAR 1534.8 million. The company was able to notably reduce the operational costs by QAR 90.4 million especially those linked to networks and rentals which resulted in the improvement of profits at this level.

Ø  Implementation of Standard 16: The Company, since the beginning of the year, has implemented Standard 16 related to operational rentals which caused in increase in the cost of financing by QAR 22.1 million and also avoiding QAR 62.9 million under “maturity assets depreciation” item