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Vodafone Qatar posts narrowed Q1 loss

Vodafone Qatar has posted a narrower quarterly loss, thanks to an increase in subscribers and higher consumer spending, Reuters has reported. Vodafone, which was launched in 2009, made a first quarter net loss of QR118.3m ($32.49m) in the three months to June 30, compared with a loss of QR122.3m in the year-earlier period. The operator's financial year starts on April 1. Quarterly revenue rose to QR350.5m from QR290.6m a year ago, the firm said.