Vodafone Qatar posts first-ever annual profit

Vodafone Qatar on Monday reported a 374 million riyals ($80 million) increase in net profit year on year for 2018, which it said was its first-ever profitable year.

"Vodafone Qatar`s strong financial results for the financial year 2018 are primarily due to its success in growing its Postpaid subscribers and fixed services, as well as its effective cost optimisation programme," the company said.

It reported a net profit of 118 million riyals for the year ended Dec. 31, 2018.

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