DUBAI: Vodafone Qatar, an affiliate of Vodafone Group, reported a narrower quarterly loss yesterday, thanks to an increase in subscribers and higher consumer spending.
Vodafone, which ended Qatar Telecom's domestic monopoly in 2009, made a first-quarter net loss of 118.3 million riyals ($32.49m) in the three months to June 30.
That compares with a loss of 122.3m riyals in the year-earlier period. The operator's financial year starts on April 1.
Quarterly revenue was 350.5m riyals, up from 290.6m riyals a year ago. It launched post-paid contract services in June, which the operator hopes will help woo subscribers from Qatar Telecom and improve margins.
Vodafone had 878,200 mobile customers as of June 30, up 16 per cent from a year earlier. First-quarter average revenue per user was 122 riyals, up 5pc year-on-year.