Thursday, 19 January 2012

UPDATE 2-Vodafone Qatar Q3 net loss narrows, adds subscribers | Reuters

Vodafone Qatar reported a narrower third-quarter net loss on Thursday partly on a rise in mobile subscribers, but the results missed analysts' estimates.

The firm, an affiliate of London-listed Vodafone, made a net loss of 122 million riyals, according to Reuters calculations. This compares with a loss of 144 million riyals in the same period a year ago.

Two analysts forecast the firm, which starts its financial year on April 1, would post a quarterly loss of between 113 million and 119 million riyals, according to a Reuters survey.

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