Qtel Q1 Revenue Grows Eight Percent to QAR 8.0 Billion

Mobilk - Qatar Telecom (Qtel) today announced that Group revenue increased by 7.6 percent to end the period at QAR 8.0 billion (Q1 2011: QAR 7.5 billion), driven by service excellence and the roll-out of new services. 

The Group’s consolidated customer base stood at 84.4 million (Q1 2011: 75.6 million), representing growth in customer numbers of 11.7 percent. EBITDA for the same period increased 8.0 percent to QAR 3.8 billion (Q1 2011: QAR 3.6 billion). EBITDA margin remained robust throughout the period at 48 percent (Q1 2011: 48 percent).

Net profit attributable to Qtel Shareholders decreased by 12.2 percent at QAR 0.7 billion (Q1 2011: QAR 0.8 billion), mainly due to foreign exchange losses in Indonesian operations.

Highlights of the period included sustained performance in Iraq, Qatar, Algeria and Tunisia; the commercial launch of Qtel Fibre; and the agreement for the sale and leaseback of approximately 25 percent of the Indosat tower portfolio, for a total potential consideration of US$ 519 million.

 

Qtel will publish its Q1 2012 financial statement on its website, accessible at: www.qtel.qa.