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Mobinil Reports Q1
Egyptian operator reports 27% increase in revenues to EGP1.78B and 28% increase in net income to EGP397M
April 30, 2007
1 Min Read
CAIRO, Egypt -- The Egyptian Company for Mobile Services (Mobinil) announced its first quarter consolidated results. The reported figures reflect the following results:
10.669 million subscribers reflecting an increase of 53% over the same period last year.
Net active additions for the first quarter 2007 reached 1.402 million subscribers.
Net revenues reached 1,775MEGP achieving an increase of 27% over same period last year.
EBITDA increased by 21% over the same period last year to reach 851MEGP reflecting an EBITDA margin of 48.0%.
Net income increased by 28% over the same period last year to reach 397MEGP.
Accordingly, Mobinil remains confident that it will continue to play a key role in shaping the future needs for mobile services in the Egyptian market despite the impact of increasing regulatory and competitive changes.
Commenting on 1Q-07, Naguib Sawiris, Chairman said:
"Mobinil continues to innovate in its services leading the Egyptian telecom market forward while gearing up in preparation for regulatory changes and competitive market dynamics. We aim to maintain our leadership position and continue with value creation."
Mobinil
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