DOHA: Vodafone Qatar today announced its annual financials for the year ended March 31, 2015. The company reported a net loss of QR216m, which is nearly 12 percent lower compared to the net loss of QR246m it had reported for the previous financial year.
The loss per share (LPS) is QR0.26 for year ended March 31, 2015 versus (LPS) QR0.29 for the previous year, according to the financial statement.
The Company’s Board will recommend, at its Annual General Meeting (AGM), a dividend payment to its shareholders of 2.1 percent of nominal share value (QR0.21 per share).
The company also announced that it will convene its Ordinary General Assembly Meeting on (Tuesday) June 30, 2015 at 9:45pm at the Four Seasons Hotel the Company said in a statement posted on QE website.
Sheikh Dr Khalid bin Thani Al Thani, Chairman of Vodafone Qatar, said: “This year was once again defined by solid results, underpinned by a nine percent growth in our customer base to 1.44 million. This performance helped deliver 16 percent growth in our revenues to QR2.31bn and maintain stable EBITDA margin of 25 percent in challenging market conditions.
As such, the board recommends a dividend payment to its shareholders of QR0.21, marking a growth of 24 percent on our maiden dividend distributed last year.”
“This financial year has seen many major achievements for Vodafone Qatar most notably in network enhancements. In June 2014, we launched our 4G network and in January this year, we began phase one of Vodafone’s network evolution by upgrading every network site in Doha with the latest state of the art technology. Our investment of QR579m in Vodafone’s network infrastructure has resulted in increased 3G and 4G coverage and capacity plus the launch of 4G+. All this has undoubtedly produced a significantly better customer experience in both voice and data services.”
Vodafone Qatar’s financial year runs from 1 April to 31 March every year.
The Peninsula
