Mobinil continues to lead mobile telecommunications in the Egyptian market 13,722 million subscribers, 1,821 million net additions, Revenue growth of 29%, EBITDA growth of 13% on a proforma basis and consolidated net income growth of 8% on a proforma basis over the same period last year.
Key Performance Indicators:
*13.722 million subscribers reflecting an increase of 69% over the same period last year.
*Net additions for YTD September 2007 reached 4.455 million subscribers, 1.402 in 1Q, 1.232 in 2Q and 1.821 in 3Q.
*YTD Net revenues reached 6,074MEGP achieving an increase of 31% over same period last year, with 3Q revenues of 2,227 MEGP representing 29% YoY growth.
*YTD EBITDA increased by 16% over the same period last year to reach 2,819 MEGP reflecting an EBITDA margin of 46.4%, where 3Q EBITDA has amounted to 989 MEGP representing 13% growth on a proforma basis over the same period last year.
*YTD Net income increased by 18% over the same period last year to reach 1,385 MEGP, where 3Q amounted to 472 MEGP representing 8% growth on a proforma basis over the same period last year.
Commenting on 3Q - 07, Naguib Sawiris, Chairman said:
“The Egyptian mobile market has entered a new phase of its growth and development. We believe mobile penetration rates can surpass the market expectations in the medium term. I am proud seeing Mobinil achieving these results while taking the lead to steer the new competitive landscape.”
Commenting on 3Q - 07, Alex Shalaby, President and CEO said:
“By the closing of the quarter, Mobinil was cruising rapidly towards the 14 Million subs milestone with the highest level of activation during a quarter with a comparable year over year growth to those of the 1st two quarters reaching 69%. The 14 million subscriber figure was reached by the time of this release.
Net revenues reached 2,227 MEGP this quarter resulted in a revenue growth of 29% YoY and 7.5% QoQ basis.
Average usage per user (AUPU) reached 144 minutes for the quarter representing an increase of 13% YoY and 12% on QoQ basis.
Source: MobiNil PR
