Earnings release
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C2 General O vodafone PRESS RELEASE VODAFONE QATAR REPORTS 65.5 % INCREASE IN HALF - YEARLY NET PROFIT TO QR 134 MILLION Doha , Qatar , 14 July 2021 : Vodafone Qatar P.Q.S.C. ( “ Vodafone Qatar " or the " Company " ) announced its financial results for the six months ended 30 June 2021 . Key H1 2021 highlights compared to H1 2020 Total Revenue increased by 8.5 % to QR 1.16 billion Service Revenue increased by 7.8 % to QR 1.08 billion EBITDA increased by 21.1 % to QR 472 million EBITDA margin increased by 4.2pp to 40.6 % Net Profit increased by 65.5 % to QR 134 million Financial Summary The Company reported its half - yearly Net Profit of QR 134 million , representing an increase of 65.5 % year - on - year , mainly driven by higher EBITDA . Total Revenue increased by 8.5 % year - on - year to reach QR 1.16 billion driven by continued growth in the company's postpaid revenue and fixed broadband services in addition to higher handset sales . Service Revenue grew by 7.8 % to reach QR 1.08 billion . EBITDA for the period stood at QR 472 million , representing a strong improvement of 21.1 % year - on - year , positively impacted by higher Service Revenue and continued cost optimization initiatives . EBITDA margin expanded by 4.2 percentage points to reach 40.6 % . Vodafone Qatar is now serving 1.7 million mobile customers representing an increase of 3.9 % year - on - year . Half Year Analysis In QR million ( unless otherwise stated ) Six months ended 30 June 2021 2020 YoY Growth ( % ) Total Mobile Customers ( 000 ) 1,714 1,650 3.9 % Total Revenue 1,163 1,072 8.5 % Service Revenue 1,078 1,000 7.8 % EBITDA 472 389 21.1 % EBITDA Margin ( % ) 40.6 % 36.3 % 4.2pp Net Profit 134 81 65.5 % -ENDS-