Vodafone Qatar VFQS.QA said its earnings before interest, tax, depreciation and amortisation (EBITDA) was positive for the first time in the third quarter, as the mobile operator reported a narrowed nine-month net loss.
Vodafone Qatar said its EBITDA for the third quarter was 1 million riyals, on revenue of 266.5 million riyals ($73.25 million), boosted by an 18 percent rise in new customers over the quarter.
The Qatari affiliate of British mobile operator Vodafone (VOD.L) said in a statement on Tuesday its nine-month net loss narrowed to 456.8 million riyals, compared with 495.6 million riyals in the same period a year ago, a decrease of 8.3 percent.
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