Vodafone Qatar has reported a cash profit of QR5mn in the second half ended March 31 and said it will spend QR392mn in the current financial year besides extending mobile money transfer to India and other countries in the sub-continent.
Qatar’s second mobile service provider earned about QR5mn Ebitda (earnings before interest taxes depreciation and amortisation) profitability in the second half, according to John Tombleson, acting CEO of the company.
Vodafone Qatar’s financial year begins in April and runs up to March, unlike other listed companies which follow January-December format. It has otherwise reported a loss of QR601mn for the year ended March 31, 2011, according to a Reuters report.
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