Vodafone Qatar Turns Profitable in 2018 with
a Net Profit of QR 117.8 Million
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Profits: the company became profitable for the first time since its
inception recording profits of about QR117.8 million by the end
of 2018, compared to a loss of about QR256 million in the same
period of 2017. Vodafone’s fourth quarter profit amounted to
about QR42.38 million, while its earnings per share amounted to
about QR0.14 for 2018, versus a loss per share of QR0.22 for
2017. It should be noted that the company has reduced its share
capital by 50% during last year’s fourth quarter by reducing the
nominal value of the share from QR10 to QR5 with the aim of
eliminating accumulated losses.
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Revenue: the company's revenues increased by 5.1% to QR 2,101.1 million in
2018, compared to QR 1,481.0 million. This improvement comes as
a result of increasing the customer base and monthly
subscriptions by about 24% during the last year, as well as the
growth in the average revenue per user (ARPU), which climbed to
QR105 per year per each customer, from QR99.5 in 2017.
Earnings before interest, tax, depreciation and amortization
(EBITDA) increased by 8.5% in 2018 to reach QR584 million,
compared to QR538 million by the end of 2017.
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Shareholders’ equity: increased by 2.66% in the last quarter of 2018, compared to the
previous year as a result of the improved results of the
company. Also, the book value of the share amounted to QR5.43
(QR5 being the nominal value per share).
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Dividend distribution: The Board of Directors recommended a cash dividend of 5% (3.03%
dividend yield) of the nominal value of the share, i.e. QR0.25
per share, with a net profit of 179%.
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Market ratios: Vodafone’s share is currently traded at a PE multiple of 59.0 times
and a book value multiple of 1.50 times.
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