Mobilink, Pakistan's market leader in cellular services and part of Orascom Telecom Holding has posted growth in revenues, EBITDA as well as subscriber base for the year 2010 as compared to 2009. According to the Full Year Earnings Release issued by OTH for the year ending December 2010, Mobilink has registered 8.7 percent growth in revenues at PKR 94.3 billion in 2010 as compared to PKR 86.8 billion in 2009.
The company's EBITDA also showed improvement with 17.8 percent 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 percent in 2009 to 39.6 percent in 2010. On the customer front, Mobilink continues to be the country's favourite cellular network with a subscriber base that grew 3.2 percent in the year from 30.8 million customers in December 2009 to 31.8 million as of December 2010.
Khaled Bichara, Group CEO, OTH shared "The year 2010 has proven to be a year of significant milestones aiding the growth of Orascom Telecom Holding on an operational and strategic level. OTH will join the ranks of truly global players in the field of telecommunications supported by expertise and a strong leverage profile while benefiting from significant synergies resulting from the WIND-VimpelCom transaction," he added.-PR
Comments
Comments are closed for this article.