Mobilink Reports Positive Growth in 2010

Mobilink posted 8.7 percent year on year growth for revenues in 2010, where its revenues stood at Rs. 94.3 billion in 12 months of 2010 up from Rs. 86.8 billion during the same period previous year.

Mobilink in fourth quarter generated a total of Rs. 23.9 billion as compared to Rs. 22.5 billion, showing a 6.4 percent QoQ growth.

In its yearly financial report, Orascom reported that Mobilink managed to uplift its ARPU by 1.2 percent from Rs. 231 (a quarter ago) to Rs. 244.6 in forth quarter 2010.

According to the Full Year Earnings Release, the company’s EBITDA showed improvement with 17.8% YoY growth in local currency terms from PKR 31.7 billion in 2009 to PKR 37.3 billion in 2010. EBITDA margin improved from 36.5% in 2009 to 39.6% in 2010.

Statement said that Mobilink had 31,749,292 customers on December 31st, 2010.

Rashid Khan, President and CEO, Mobilink while commenting over the results said:

2010 has been a tough year for Pakistan. At Mobilink, our customers remained our focus. It is really their continued trust and love that has translated into positive results for us year on year.

Whether it was through launching innovative products and bundles or segmented propositions, offering unmatched reward programs, investing in our network for even better quality providing the best customer care or reaching out to the community through our flood relief efforts, Mobilink maintained an aggressive position that reaffirms our core philosophy of reshaping lives.

On other hands, Orascom (as a group) reported a fourth-quarter net loss, saying that its its Algerian unit declined in 2010 due to restrictions imposed by the government.

The net loss for the quarter ended Dec. 31 was $178.8 million, compared with net income of $939.2 million in the third quarter, said Orascom Telecom

Group posted full-year net income of $743.1 million, attributable to equity holders of the parent.

Orascom Telecom’s Djezzy unit posted a 6.5 percent decline in revenue to $1.75 billion from $1.88 billion in 2009. Orascom Telecom’s total revenue increased 2 percent to $3.83 billion last year.

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