ID :
201237
Sun, 08/14/2011 - 23:48
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Shortlink :
http://m.oananews.org//node/201237
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Qatar Telecom's H1 Revenue Rises 16.6% to QR 15.4 Billion
Doha, August 14 (QNA) - Qatar Telecom's (QTEL) revenue for the first half period ending June 30 increased 16.6% to QR 15,446 Million, the telecom operator announced here Sunday in a media statement.
The company had reported QR 13,244 Million revenue for the same period in 2010.
Marketing strategies like pushing for subscriber expansion and enhancing service development across its operational footprint resulted in positive growth, the company said.
As of June 30 this year, the Group's consolidated customer base was 77.5 million compared to 66.7 million for the same period last year, representing a growth of 16.2%.
The Group s EBITDA for the same period increased 14.8% to QAR 7.2 Billion (1H 2010: QAR 6.3 Billion). EBITDA margin remained robust throughout the period at 47% (1H 2010: 47%).
Net profit attributable to QTEL Shareholders increased by 16.7%, when normalized for a one-off favorable decision on the royalty regime in Qatar in 2010 of QAR 554 Million. 1H 2011 net profit attributable to QTEL shareholders is QAR 1,436 Million (1H 2010: QR 1,784 Million).
Commenting on the results, QTEL Group Chairman Sheikh Abdullah bin Mohammed bin Saud Al Thani, said, "During challenging times the QTEL Group has again delivered positive financial results, with normalized net profit attributable to QTEL shareholders growing by 16.7%, year-on-year.
"We believe that this results from our ability to bring the wealth of experience of the Groups staff to bear on our priorities. Our growth is also a result of our willingness to invest in developing markets and to manage those assets with a medium-to-long-term time horizon.
"That principle is now beginning to bear fruit. Fundamentally the financial results are just a reflection of how we are doing to satisfy and connect with our customers. We believe that we are improving in that respect and our financial results quarter after quarter are showing that."
For his part, QTEL Group Chief Executive Officer Dr. Nasser Marafiah said, "One of the key elements of our strategy for growth is that we work hard to achieve and retain leadership positions across the markets we serve.
"So far this year, we have delivered resilient performances in highly-competitive markets such as Qatar, Kuwait, Iraq and Algeria, demonstrating our capabilities to meet customer demands and exceed their expectations.
"By balancing innovation with prudent management, we believe that we will continue to maintain our leadership position within our operational markets and within the industry as a whole." (QNA)
The company had reported QR 13,244 Million revenue for the same period in 2010.
Marketing strategies like pushing for subscriber expansion and enhancing service development across its operational footprint resulted in positive growth, the company said.
As of June 30 this year, the Group's consolidated customer base was 77.5 million compared to 66.7 million for the same period last year, representing a growth of 16.2%.
The Group s EBITDA for the same period increased 14.8% to QAR 7.2 Billion (1H 2010: QAR 6.3 Billion). EBITDA margin remained robust throughout the period at 47% (1H 2010: 47%).
Net profit attributable to QTEL Shareholders increased by 16.7%, when normalized for a one-off favorable decision on the royalty regime in Qatar in 2010 of QAR 554 Million. 1H 2011 net profit attributable to QTEL shareholders is QAR 1,436 Million (1H 2010: QR 1,784 Million).
Commenting on the results, QTEL Group Chairman Sheikh Abdullah bin Mohammed bin Saud Al Thani, said, "During challenging times the QTEL Group has again delivered positive financial results, with normalized net profit attributable to QTEL shareholders growing by 16.7%, year-on-year.
"We believe that this results from our ability to bring the wealth of experience of the Groups staff to bear on our priorities. Our growth is also a result of our willingness to invest in developing markets and to manage those assets with a medium-to-long-term time horizon.
"That principle is now beginning to bear fruit. Fundamentally the financial results are just a reflection of how we are doing to satisfy and connect with our customers. We believe that we are improving in that respect and our financial results quarter after quarter are showing that."
For his part, QTEL Group Chief Executive Officer Dr. Nasser Marafiah said, "One of the key elements of our strategy for growth is that we work hard to achieve and retain leadership positions across the markets we serve.
"So far this year, we have delivered resilient performances in highly-competitive markets such as Qatar, Kuwait, Iraq and Algeria, demonstrating our capabilities to meet customer demands and exceed their expectations.
"By balancing innovation with prudent management, we believe that we will continue to maintain our leadership position within our operational markets and within the industry as a whole." (QNA)
