The telecoms operator, an affiliate of Vodafone Group, will likely see earnings before interest, tax, depreciation and amortization (EBITDA) of around 120 million riyals ($32.98 million), John Tombleson told a conference call.
This compares with an EBITDA loss of 27.1 million riyals for the financial year that ended on March 31, 2011.
Revenues will rise to about 1.1 billion riyals this year, Tombleson said, from 935 million in the previous year.
Vodafone Qatar reported a fourth-quarter net loss of 143.9 million riyals on Wednesday, compared with a loss of 156 million riyals in the year-earlier period. It reported a full-year loss of 601 million riyals.
Two analysts polled by Reuters forecast a quarterly loss of between 111 million riyals and 138.1 million riyals.
Mobile penetration in Qatar — which has a population of 1.7 million — is about 169 percent, so winning high-value customers and population growth will be the firm’s main growth drivers, Tombleson said.
“We are budgeting for 3 million people over the next eight years - more people will grow the pie,” he said.
“There are three prerequisites for high value customers - one is post-paid, another is number portability and the most important is the quality of the network.”
Vodafone plans to offer number portability by January 2012 and post-paid tariffs for individual customers by next April.
Vodafone Qatar previously said it would not pay a dividend before May 2013, Tombleson said, but this could be put back to 2014.
