Plus   Neg

Cellcom Israel Q2 Profit Dips - Quick Facts

Cellcom Israel Ltd.(CEL) Monday reported a decrease in second-quarter net income, primarily due to the result of erosion in the price of cellular services during the past year, as well as the significant decrease in equipment revenues.

For the three-month period, the company reported net income of NIS 67 million or $19 million, a 44.6 percent decrease from NIS 121 million or $33 million last year. On a per share basis, earnings were NIS 0.66, compared with NIS 1.22 per share last year.

Revenues decreased 17.5 percent to NIS 1,236 million or $342 million, compared with NIS 1,498 million or $414 million a year ago. The company said the decrease in revenues is mainly attributable to lower service revenues.

The monthly cellular Average Revenue per User totaled NIS 79.7 or $22 compared with NIS 90.3 or $25 during the same period last year. Cellular subscriber base totaled about 3.151 million subscribers, the company said in a statement.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Galaxy Entertainment Group (WYNN) Friday announced that it has agreed to purchase 5.3 million primary shares of Wynn Resorts Ltd. at a price of $175 a share, resulting in $927.50 million of gross proceeds to Wynn Resorts. The two sale, combined with a previous sale effectively eliminate ownership of founder and former CEO Steve Wynn in Wynn Resorts. Starbucks wants to be more efficient but it is risking the fragile loyalty of its most devoted customers. The ubiquitous chain plans a major push to get coffee lovers to use its mobile app to place their orders, but regulars prefer to buy their lattes by waiting in the queue. According to reports,... Taco Bell, the Mexican fast-food chain owned by Yum Brands Inc. (YUM), Thursday said it will start selling tortilla chips in grocery and convenience stores starting May. The chips will be available in Fire and Mild sauce packet flavors and also in a Classic flavor. "This launch of our first line...
comments powered by Disqus
Follow RTT