Telenor Pakistan, the country’s second largest cellular company, posted record quarterly revenue of Rs. 23 billion according to the latest figures released by the Telenor Group. It added 615,000 subscriptions during April-June, ending with 29.9 million subscribers, a growth of 12% over the same quarter last year. The company’s EBITDA margin observed an impressive YoY growth of 26%, while market share remained stable at 24%.
Chief Executive Officer Lars Christian Iuel, speaking about the solid quarter figures, said: “I am pleased with the performance of Telenor Pakistan in the second quarter of 2012. Despite operating in a challenging business environment, we have posted strong results, which is a testament of our employees’ hard work and unrelenting dedication.”
During the second quarter of the year, Telenor Pakistan launched the second phase of its mobile phone application development project Djuice Apportunity. The company also joined hands with the Government of Punjab and Azad Jammu & Kashmir (AJK) for provision of information service via SMS to farmers.
Also in the reporting period, Telenor Talkshawk Internet Champion – a knowledge-based initiative to help empower digital generation in Pakistan –was concluded in AJK, whereas it is currently underway in Punjab.
Overall, Telenor Group reported revenues of NOK 25.4 billion, representing an organic revenue growth of 5%. EBITDA before other items was NOK eight billion, EBITDA margin was 31.7% and operating cash flow was NOK 5.1 billion. With five million new customers added in the period, Telenor’s total subscription base has now passed 150 million.