Posted on July 31, 2015

Vodafone Qatar has announced its financial results for the three months ended 30 June 2015. The company's statements shows that the net loss is QR (99.9) million compared to net loss amounting to QR (27.4) million for the same period of the previous year. Loss per share amounted to QR (0.12) in the three month period compared to loss per share amounted to QR (0.03) for the same period of the previous year.

HE Sheikh Dr Khalid Bin Thani Al-Thani, Vodafone Qatar’s Chairman commented, "The Qatari telecom market continues to face extremely competitive pressure on prices, which is impacting the Company's results in the short term." "We have made significant investments last financial year to deliver the fastest data network in Qatar and in fact we have now completed our entire networks enhancement plan in Doha and moving into the second phase of this plan to ensure that our cutting-edge infrastructure is reaching customers across Qatar.

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Our market studies show a consistently improving perception of our network speed and quality. This is a healthy trend which poises the Company to deliver growth more effectively." "During the first quarter, we have launched a number of Postpaid and Prepaid plans that have ensured that our customers feel empowered and confidently connected whether they’re in the country or abroad. In addition, the holy month of Ramadan was filled with philanthropic endeavours which saw the launch of our Employee Volunteering Programme, Kafu, and our #GivingChallenge fundraising initiative through which we have raised a total of QAR 450,000 in proceeds."

"Despite the prevailing market conditions, we remain committed to our growth plans and to continue to offer an unmatched suite of products and services over Qatar's fastest data network with the widest 4G+ coverage." Vodafone Qatar, part of one of the world’s largest telecommunications Group, the Vodafone Group, is the holder of the Second Public Mobile and Fixed Telecommunications Networks and Services License in the State of Qatar. Vodafone Qatar switched on its mobile network on 1 March 2009 and shortly after started delivering great value to its customers with a range of exciting products and services.