Mobilink Ups Revenues 13% in Q1 2016 to Rs. 28.6 Billion

Mobilink has reported a 13% YoY increase in its revenues during Q1 2016 to Rs. 28.6 billion, up from Rs. 25.3 billion during same duration last year. Company’s service revenue reached Rs. 27 billion during the reported period.

Mobilink said that its strong growth in revenues was primarily driven by data services, which grew 80% YoY to reach Rs. 3.4 billion, up from mere Rs. 1.9 billion an year ago.

This development was driven by successful data monetization initiatives, data devices promotions and 3G network expansion.

Mobilink currently offers 3G in over 300 cities in Pakistan, many of which previously had no access to broadband services. Mobilink said that it currently has 18.3 million mobile data customers, of which 8.5 million are 3G data customers.

Underlying EBITDA margin increased 2.5 percentage points YoY to 43.8% in 1Q 2016, representing sustainable growth as a result of the above mentioned revenue increase.

Capex decreased to PKR 1.3 billion YoY in 1Q 2016, while the LTM capex to revenue ratio was 22%, as Mobilink continues to invest in its high-speed 3G network roll-out.

Mobilink’s ARPU increased to Rs. 234 during Q1 2016, up from Rs. 201 during same quarter last year.

Mobile Financial Services (MFS) revenue continued to show good growth momentum of 55% YoY for Mobilink. As a result, MFS revenue now represents 3% of service revenue.

Below are financial highlights for Mobilink for Q1 2016

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