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

Quick Facts

Editors Pick
Burger chain Shake Shack Inc. said late Thursday that it has priced its initial public offering of 5 million Class A shares at $21 per share, which is above the previously estimated price range of $17 to $19 per share. The shares are expected to begin trading on the New York Stock Exchange on Friday, January 30 under the ticker symbol "SHAK." Google reported a higher fourth-quarter profit, driven by a 15 percent increase in revenues and one-time gains from the sale of Motorola Mobile business, somewhat offset by stock-based compensation expense and foreign exchange losses. Quarterly earnings and revenue missed Wall Street estimates, as ad revenues came under pressure. Online retailer Amazon.com, Inc. said Thursday after the markets closed that its fourth quarter fell 10.5% from last year, as higher expenses more than offset a 15% increase in sales. However, the company's quarterly earnings per share came in well above analysts' expectation, but its quarterly sales fell short of analysts' forecast.
comments powered by Disqus
RELATED NEWS
Trade CEL now with 
Follow RTT