Improved margins, Narrower losses
Vodafone Qatar reported marked improvement in its 9M 2016/17 results, except for the top line performance. Indeed, Vodafone’s 9M 2016/17 revenues decreased by 3.9% to QAR1.541bn, with a drop by 1.9% in the Mobile customer base at 1.472 million. Note that postpaid customers were up by 5.8% in Q3 2016/17, led by Mid-range Connect plans, and high value Red Plans. For the Q3 2016/17, the improvement concerned all earning levels with Q3 2016/17 revenues went up by 0.8% to QAR541m.
AlphaMena is the MENA stocks leader in independent equity research, covering 142. MENA securities spanning across 19 sectors and 8 countries relaying on a team of 11 analysts. The breadth of coverage allows AlphaMena to formulate a coherent view on markets, sectors and to highlight the best investments in Mena zone using a robust homogeneous and transparent methodology, enabling pure and pertinent comparisons based on financial and extra-financial criteria.
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