Vodafone announces its financial results for the nine months ended 31 December 2012
- Qatar: Thursday, January 17 - 2013 at 11:18
- PRESS RELEASE
Vodafone Qatar Q.S.C. 'Vodafone Qatar' or 'The Company' announces its financial results for the nine months ended 31 December 2012. Vodafone Qatar's revenue for the nine-months to December 2012 grew by 20% year-on-year resulting in the Company achieving positive quarterly Distributable Profits for the first time in its history.
"Having positive Distributable Profits has been a clear target for us and so achieving this milestone after only three years of operations is a great achievement for us all and should give our shareholders confidence that the business is moving in the right direction," said Richard Daly, Vodafone Qatar's Chief Executive Officer.
Nine-Month Operational Highlights:
1,004,767 mobile customers as at 31 December, this is an increase of 26% compared to December 2011.
Total revenue of QR1.09bn for the nine months to 31 December 2012, 20% growth over the same period last year.
Mobile average revenue per user (ARPU) increased to QR 121; this is growth of 8.4% year-on-year.
Earnings before interest, tax, depreciation and amortisation (EBITDA) reached QR182m for the nine months to 31 December 2012; this is an improvement of 78% year-on-year.
Distributable Profits of QR25m for the nine months to 31 December 2012, this is an improvement of 56% compared to the same period last year, QR14m positive Distributable Profits for the three month period to 31 December 2012.
December Quarter Summary
"The third quarter is seasonally very strong for Vodafone Qatar. Achieving 1 million Customers enabled a 15% improvement in Revenue over the quarter, and with continued focus on costs, our EBITDA profits grew 56%. This achievement helped us to reach the crucial milestone of generating our first ever quarter of positive Distributable Profits," commented Steve Walters, Vodafone Qatar's Chief Financial Officer.
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