DOHA: Vodafone Qatar’s annual revenue recorded a 25 percent growth to QR1.53bn reflecting a growing market share of 27.4 percent of mobile revenues for the full year ending March 2013.
Addressing the company’s annual ordinary/extraordinary general assembly here yesterday, Rashid Al Nuaimi, the board member noted the company’s revenue crossed 30 percent during the final quarter of the year.
“The EBITDA margin improved to 19 percent or QR284m allowing our net loss to improve by 18 percent to a loss of QR401m. On the very important measure of ‘distributable profits’, we broke even for the first time in the financial year, ending the year with QR2m profit”, he said.
Al Nuaimi said Vodafone Qatar’s customer base grew by 30 percent to 1,084,000 during the year, meaning that more than half of the population of Qatar use its services every month.As well as achieving good financial results we are also proud of many other achievements as we build for our long term future success here in Qatar.
Vodafone Qatar invested close to QR400m in its network last year and now have complete mobile coverage throughout the country with excellent voice and data performance. Vodafone Qatar’s network now benchmark well against Vodafone’s other global markets.
“We launched our Post Paid service in June 2012 and this has been well received by the market attracting a large number of higher value customers increasing our average spends and driving improved profitability. We have made our first step into Fixed Line Services and are already serving customers in The Pearl, Barwa City and our first Business Customers are now live in West Bay and in Qatar Foundation .We are working closely with Qnbn and expect the coming year to be the first year when Fixed Line Services start to make a contribution to the financial success of our business.”
One of our major priorities this year was to further integrate ourselves into Qatari culture and society.
We have achieved this in a number of ways, including the successful Qatarisation programme. Through our most successful ever Qatar Career fair, we recruited 15 young Qataris to help grow our business.
The Peninsula
