Telenor Posts Flat Revenues for Q2 2013
Posted by ADMIN
Telenor Pakistan has posted Rs. 24.76 billion revenues for second quarter 2013, slightly up by 5 percent when compared with same duration last year.
Revenues from cellular traffic stood at Rs. 18.70 billion, slightly up from 17.25 billion during same duration in 2012.
Telenor group, in its earning report, said that EBITDA margin for group’s Pakistani arm improved by 1 percentage point driven by higher revenues combined with stable operational expenditures.
Report said that operating profit increased due to lower accelerated depreciation following the network modernisation as well as negative other items last year.
Capital expenditure continued to increase as network modernisation progress as scheduled towards completion at the end of 2013.
Telenor said that measures to improve financial efficiency and secure market position will be prioritised going forward.
Telenor once again iterated that increased withholding tax on telecom services from 10% to 15% will impact revenues through reduced customer recharge amount.
Telenor Pakistan Financial Highlights
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