logo
Share SHARE
FONT-SIZE Plus   Neg

Cellcom Israel Q2 Profit Dips - Quick Facts

Cellcom Israel Ltd.(CEL: Quote) 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

Editors Pick
Israeli generic drug maker Teva Pharmaceutical Industries (TEVA) on Tuesday offered to buy smaller Dutch rival Mylan N.V. (MYL) for $82 per share in cash and stock, or about $40 billion, in a bid to further tighten its grip in the global generic space. Twitter is expanding its direct messaging feature to enable users to communicate privately with a single person or with a group of people, even if they are not following each other. High-flying Netflix may have yet another hit on its hands, as the company has ordered a spin-off of the hugely popular Full House series. Fuller House will star Candace Cameron-Bure, Jodie Sweetin and Andrea Barber, who played sisters D.J. Tanner and Stephanie Tanner, and D.J.'s bestie Kimmy Gibbler,...
comments powered by Disqus
RELATED NEWS
Trade CEL now with 
Follow RTT