Vodafone Qatar Q3 Net Loss Narrows

The company’s mobile customer base grew 27 per cent to reach 1.27 million mobile customers as of December 31.

Vodafone Qatar, an affiliate of Vodafone Group, reported a narrowing third-quarter loss on Thursday, Reuters calculations show, helped by a growth in its customer base.

Vodafone, which ended Ooredoo’s domestic monopoly in 2009, made a net loss of QAR53.2 million ($14.61 million) in the three months to Dec. 31, Reuters calculated based on nine-month figures provided by the company. That compares with a loss of QAR87.1 million in the prior-year period. The operator’s financial year starts April 1.

Analysts polled by Reuters on average forecast Vodafone Qatar would make a quarterly loss of QAR72.7 million.

The company reported a nine-month net loss of QAR213 million compared with a loss of QAR325 million in the prior-year period.

Vodafone Qatar – 23 per cent owned by parent Vodafone – had 1.27 million mobile customers as of Dec. 31, up 27 per cent from a year earlier.

Total revenue for the nine months to Dec 31 was QAR1.43 billion, a 31 per cent growth over the same period last year, the company statement said.

The nine-month average revenue per user (ARPU), a key industry metric, was QAR125, up 3.6 per cent year-on-year.