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Vodafone Qatar losses narrow

21 July 2010

Vodafone Qatar has said its net loss for the first quarter of 2010 narrowed to QR148.7m ($40.8m), down 5% from QR155.7min the previous quarter, Reuters has reported. The company posted quarterly revenue of QR175.8m, up 22% from the previous quarter. "We are right on the edge of profit now ... We see getting to EBITDA quite quickly, faster than we would normally experience because of the ability to draw on Vodafone Plc's global footprint," CEO Graham Maher said.

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