Vodafone Qatar has maintained its growth trajectory during the first quarter of 2021, reporting a net profit of QR66m for the first three months ended March 31, 2021, representing an increase of 38 percent year-on-year. The Company yesterday announced its latest financial results and added that it has achieved its highest quarterly net profit in the Company’s history.
Total revenue increased by 8.3% year-on-year to reach QR585m driven by continued growth in Company’s Postpaid revenue and Fixed Broadband services in addition to higher handset sales. Service Revenue grew by 5.1% to reach QR534m.
EBITDA for the period increased by 17 percent yearon-year to reach QR234m led by higher service revenue and the continued effectiveness in implementing the Company’s cost optimisation programme. Consequently, EBITDA margin rose by 3 percentage points to 40 percent. Vodafone Qatar is now serving 1.7 million mobile customers, the Company added in a statement
