Vodafone Qatar Q4 net loss widens
DUBAI, June 3 (Reuters) - Vodafone Qatar, an affiliate of Vodafone Group (Swiss: VOD.SW - news) , reported a wider fourth-quarter loss on Wednesday.
The company, which ended state-controlled Ooredoo's domestic monopoly in 2009, made a net loss of 66 million 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 the prior-year period. The firm's financial year starts on April 1.
Beltone Financial had forecast Vodafone Qatar would make a quarterly loss of 70 million riyals.
Vodafone Qatar, 23 percent owned by parent Vodafone and 22 percent by a Qatar government-linked fund, made a loss of 216 million riyals in the 12 months to March 31, versus a loss of 246 million riyals in the prior-year period, according to a statement to Doha's bourse.
The company did not provide further details. (Reporting by Matt Smith; Editing by Andrew Torchia)