Qtel’s nine month revenue grows 16.6 percent to QAR 23.6 Billion

Press release

Published October 31st, 2011 - 05:41 GMT

H.E. Sheikh Abdullah Bin Mohammed Bin Saud Al Thani, Qtel Chairman

Qatar Telecom (Qtel) today announced that Group revenue increased by 16.6 percent to QAR 23.6 billion (9M 2010: QAR 20.2 billion) during the nine-month period ended 30 September 2011.

The Group’s consolidated customer base, as at 30 September 2011, stood at 82.4 million (9M 2010: 69.1 million) which represents a 19.4 percent year-on-year increase. Group EBITDA in 9M 2011 also advanced, increasing by 14.6 percent to QAR 10.9 billion (9M 2010: QAR 9.5 billion).

The Group also maintained a stable EBITDA margin, with EBITDA margin for 9M 2011 standing at 46 percent (9M 2010: 47 percent).

Net profit attributable to Qtel’s Shareholders increased by 6.4 percent when normalized for a one-off favourable decision on the royalty regime in Qatar in 2010 of QAR 554 million. 9M 2011 net profit attributable to Qtel shareholders stood at QAR 2.0 billion (9M 2010: QAR 1.9 billion).

Highlights of the period included key progress in Qtel Fibre project in Qatar, significant revenue growth in Kuwait and Algeria, and increased mobile subscribers and fixed line data customers in Indonesia

Background Information

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