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UPDATE 1-Vodafone Qatar's Q4 net loss widens as capex doubles

Wed, 03rd Jun 2015 08:04

* Q4 net loss 66 mln riyals vs 33 mln riyals year earlier

* 2014-15 net loss 216 mln riyals vs 246 mln riyals (Adds details)

By Matt Smith

DUBAI, June 3 (Reuters) - Vodafone Qatar reporteda wider fourth-quarter loss on Wednesday, despite expanding itscustomer base, as its capital expenditure doubled.

The telecoms operator, an affiliate of Britain's VodafoneGroup, made a net loss of 66 million riyals ($18.1million) in the three months to March 31, according to Reuterscalculations based on company statements.

That compares with a loss of 33 million riyals in the sameperiod a year earlier for the company, which ended Qatarstate-controlled Ooredoo's domestic monopoly in 2009.Its financial year starts on April 1.

Beltone Financial had forecast Vodafone Qatar would make aquarterly loss of 70 million riyals.

The operator's fourth-quarter capital expenditure was 283million riyals, Reuters calculated based on the company'sfinancial statements, up from 142 million riyals a year earlier.Quarterly revenue rose 4 percent over the same period to 571million riyals.

The company had 1.44 million subscribers as of March 31, up9 percent year-on-year.

Vodafone Qatar, 23 percent owned by parent Vodafone and 22percent owned by a Qatar government-linked fund, made a loss of216 million riyals in the 12 months to March 31, versus a lossof 246 million riyals in the same period a year before,according to a statement to Doha's bourse.

It has proposed paying a dividend of 0.21 riyals per sharefor the full financial year. (Editing by Pravin Char)

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