ISLAMABAD: Telenor Pakistan reported a revenue of Rs26.7 billion, up by Rs104 million from Q2 last year. The company stated that Pakistan’s volatile macroeconomic situation during the current fiscal year and its exchange rate fluctuations impacted Telenor Pakistan’s performance during the second quarter of 2022.
The company reported YoY growth of +1.8 percent in subscription and traffic revenues (S&T), +1.7 percent in service revenues and +0.4 percent in total revenues.
The reported EBITDA growth stood at -14.9 percent while the EBITDA margin was 47.3 percent for Q2 2022.
During the quarter 289,000 subscriptions, were added to the network with the subscriber base now standing at 49.5 million.
The EBITDA development was majorly attributable to significant hikes in fuel and electricity prices coupled with YoY reduction in mobile termination rates. The rising inflation in the country (June: 21.3 percent), significant rupee devaluation and the prevailing economic situation also had on impact in the performance.
Copyright Business Recorder, 2022