Latest news with #QR1.75
Qatar Tribune
2 days ago
- Business
- Qatar Tribune
Vodafone Qatar reports 12.1% rise in net profit
Tribune News Network Doha Vodafone Qatar has announced strong financial results for the first half of 2025, with both revenue and profit registering double-digit growth, underscoring the company's sustained momentum and operational efficiency. The company reported a net profit of QR329 million for the six months ended June 30, 2025, reflecting a 12.1 percent year-on-year increase, driven by robust revenue growth coupled with effective cost optimisation measures. Total revenue grew by 10.5 percent year-on-year to QR1.75 billion, supported by continued expansion across all key business segments including mobility, fixed broadband, enterprise solutions, and equipment sales. Service revenue increased by 3.4 percent to QR 1.46 billion, supported by a larger customer base and rising demand for digital services. Vodafone Qatar's EBITDA rose 9 percent to QR 732 million, with an EBITDA margin of 41.8 percent. The company highlighted that the gain was largely driven by higher service revenue and disciplined execution of its cost optimisation programme. The company's mobile customer base expanded to 2.1 million subscribers, marking a 1.6 percent increase compared to the same period last year. Notably, Vodafone Qatar delivered a strong return on equity (ROE) of 12.8 percent (annualised) in H1 2025, up 0.8 percentage points compared to FY 2024, reflecting the company's focus on generating sustainable value for shareholders. The results reaffirm Vodafone Qatar's strengthening position in the telecom and digital services market, supported by ongoing investments in network infrastructure, customer experience, and innovative solutions.
Qatar Tribune
05-07-2025
- Business
- Qatar Tribune
QCB issues treasury bills worth QR1.75 billion
DOHA: Qatar Central Bank (QCB) has issued treasury bills for maturities of 7 days, 28 days, 91 days, 189 days, 280 days, and 364 days, worth QR1.75 billion. In a post on the X platform, QCB said that the treasury bills issued were distributed as follows: QR500 million for a 7-day term (New Issuance) at an interest rate of 4.610 percent, QR250 million for a 28-day term (Tap Issuance) at an interest rate of 4.620 percent, QR250 million for a 91-day term (Tap Issuance) at an interest rate of 4.516 percent, QR250 million for a 189-day term (Tap Issuance) at an interest rate of 4.385 percent, QR250 million for a 280-day term (Tap Issuance) at an interest rate of 4.289 percent, and QR250 million for a 364-day term (New Issuance) at an interest rate of 4.220 percent. According to QCB, the total auction bids for the treasury bills amounted to QR5 billion.
Qatar Tribune
03-07-2025
- Business
- Qatar Tribune
QCB allots QR1.75 bn in bill auction, draws QR5 bn in bids
Tribune News Network Doha In a move aimed at managing liquidity in the banking sector and reinforcing its monetary policy framework, the Qatar Central Bank (QCB) successfully concluded its latest auction of QCB bills on Thursday, allocating a total of QR1.75 billion to participating banks. The auction attracted bids worth QR5 billion, reflecting strong demand for the central bank's liquidity management instruments. The allocation was spread across various tenors ranging from 7 days to 364 days and included both new issuances and tap issuances. A new issuance for a 7-day tenor accounted for the highest single allocation, with QR500 million allotted at a yield of 4.610 percent. The highest yield in the auction was recorded for the 28-day tenor tap issuance, which saw an allocation of QR250 million at a yield of 4.620 percent. A 91-day tenor, also through tap issuance, was allocated QR250 million at a yield of 4.516 percent. The 189-day tap issuance attracted the same amount, with a slightly lower yield of 4.385 percent. Longer-dated maturities included a 280-day tap issuance and a 364-day new issuance, each with allocations of QR250 million. These carried yields of 4.289 percent and 4.220 percent, respectively — the lowest among all the tenors offered in this round. The mix of new and tap issuances shows QCB's flexible strategy in supporting market liquidity and sustaining a predictable short-term yield curve. Tap issuances, in particular, offer the central bank an efficient tool to reissue existing bills in response to market appetite. The successful completion of this auction underscores QCB's ongoing commitment to effective monetary policy operations and its proactive role in ensuring liquidity management within Qatar's banking system.
