Vodafone Qatar profit up 61%

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British telecoms group Vodafone agreed Monday to sell its Hungarian division to local peer 4iG and state-owned holding company Corvinus Zrt.
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  • The increase in profit is mainly due to growth in earnings before finance, tax, depreciation and amortization
  • Vodafone Qatar commenced commercial operations in 2009 with a capital of QR 4.277 billion

Vodafone Qatar’s net profit increased by 61.3 percent in the first half of 2022, reaching QR 216 million ($60 million), compared to QR 134 million ($37 million) in the same period in 2021.

The increase in profit, according to a statement issued by the company on Tuesday, is mainly due to growth in earnings before finance, tax, depreciation and amortization.

Vodafone Qatar commenced commercial operations in 2009 with a capital of QR 4.277 billion. 

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