Vodafone Qatar Q3 Net Loss Narrows » Gulf Business

Vodafone Qatar Q3 Net Loss Narrows » Gulf Business:



"Vodafone Qatar, an affiliate of Vodafone Group, reported a narrowing third-quarter loss on Thursday, Reuters calculations show, helped by a growth in its customer base.



Vodafone, which ended Ooredoo’s domestic monopoly in 2009, made a net loss of QAR53.2 million ($14.61 million) in the three months to Dec. 31, Reuters calculated based on nine-month figures provided by the company. That compares with a loss of QAR87.1 million in the prior-year period. The operator’s financial year starts April 1.



Analysts polled by Reuters on average forecast Vodafone Qatar would make a quarterly loss of QAR72.7 million."



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