Earnings release
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C2 General O vodafone PRESS RELEASE VODAFONE QATAR REPORTS 58 % INCREASE IN NET PROFIT TO QR 200 MILLION FOR THE NINE MONTHS OF 2021 Doha , Qatar , 14 October 2021 : Vodafone Qatar P.Q.S.C. ( the " Company " ) reported its consolidated financial results for the nine months ended 30 September 2021 with improvement across all key indicators . Key highlights - 9 months ended September 2021 compared to the same period in 2020 Service Revenue grew by 8.7 % to QR 1.63 billion Total Revenue grew by 8.3 % to QR 1.75 billion EBITDA increased by 21.8 % to QR 720 million Net Profit improved by 58.1 % to QR 200 million Total mobile customers stood at 1.8 million Financial Summary For the nine months ended 30 September 2021 , the Company reported its highest Net Profit of QR 200 million , reflecting strong growth of 58.1 % ( QR 74 million ) from the same period last year mainly driven by higher EBITDA . Net Profit for the third quarter 2021 increased by 45.3 % year - on- year to reach QR 66 million . Total revenue for the period improved by 8.3 % year - on - year to QR 1.75 billion led by continued growth in the company's postpaid revenue and fixed broadband services . In addition , within the enterprise segment , the Company has extended beyond connectivity with a portfolio of managed services and smart ICT solutions such as Internet of Things , Big Data and Cloud that some of the country's biggest entities have adopted . Service Revenue grew by 8.7 % to reach QR 1.63 billion . EBITDA year - on - year increased by 21.8 % to reach QR 720 million , supported by the higher service revenue and continued cost optimization initiatives . Consequently , EBITDA margin improved by 4.6 percentage points year - on - year to reach 41.3 % . Lastly , Vodafone Qatar is now serving 1.8 million mobile customers . -ENDS-