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UPDATE 1-Vodafone Qatar Q2 loss narrows as mobile customer base expands

Thu, 14th Nov 2013 12:43

* Q2 net loss 75 mln riyals vs net loss of 121.7 mln riyalsa yr ago

* Q2 revenue 465.3 mln riyals vs 345.4 mln riyals a yr ago

* Mobile customer was 1.19 million as of Sept. 30, up 27 pctyr-on-yr

By Matt Smith

DUBAI, Nov 14 (Reuters) - Vodafone Qatar, anaffiliate of Vodafone Group, made a smallersecond-quarter loss in line with analysts' estimates as itsmobile subscriber base increased by about a quarter andcustomers spent more on phone services.

Vodafone, which ended Ooredoo's domestic monopolyin 2009, made a net loss of 75 million riyals ($20.60 million)inthe three months to Sept. 30, according to Reuters calculation.That compares with a loss of 121.7 million riyals in theyear-earlier period. The firm's financial year starts on April1.

Analysts polled by Reuters on average forecast VodafoneQatar would make a quarterly loss of 75.8 million riyals.

Quarterly revenue was 465.3 million riyals, up from 345.4million riyals a year ago.

Vodafone Qatar - 23 percent owned by parent Vodafone - had1.19 million mobile customers as of Sept. 30, up 27 percent froma year earlier, while average revenue per user - a key industrymetric increased 5 percent to 124 riyals.

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