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George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’
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Vodafone Qatar Q4 net loss widens

Wed, 03rd Jun 2015 06:10

DUBAI, June 3 (Reuters) - Vodafone Qatar, anaffiliate of Vodafone Group, reported a widerfourth-quarter loss on Wednesday.

The company, which ended state-controlled Ooredoo's domestic monopoly in 2009, made a net loss of 66million riyals ($18.1 million) in the three months to March 31,according to Reuters calculations based on company statements.

That compares with a loss of 33 million riyals in theprior-year period. The firm's financial year starts on April 1.

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

Vodafone Qatar, 23 percent owned by parent Vodafone and 22percent by a Qatar government-linked fund, made a loss of 216million riyals in the 12 months to March 31, versus a loss of246 million riyals in the prior-year period, according to astatement to Doha's bourse.

The company did not provide further details. (Reporting by Matt Smith; Editing by Andrew Torchia)

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