Vodafone Qatar (Qtel) on Wednesday reported a narrower second-quarter net loss, in line with estimates, as the telecom operator's revenue rose by nearly half, while its chief executive is betting on a 2013 dividend to help lift its sagging share price.
The company, an affiliate of London-listed Vodafone , now posts a positive quarterly earnings before interest, taxes, depreciation and amortisation (EBIDTA), but investors appear to remain unimpressed, with the shares down by a quarter from the company's 2009 initial public offering.
Vodafone Qatar has yet to make a quarterly net profit since ending Qatar Telecom's (Qtel) domestic monopoly in 2009.
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