www.WirelessFederation.com/news: Cellcom Israel Announces Second Quarter 2009 Results
- 15.0% Increase in Net Income With an Increase in Operating Income and EBITDA
- Profitability Growth, Despite the Ongoing Economic Slowdown, Price Erosions and Growing Competition
- EBITDA Up by 2.9%; EBITDA Margin of 39.6%
- Cellcom Israel Declares a Second Quarter Dividend of NIS 3.05 per Share (Totals Approx. NIS 300 Million)
- Total Revenues from services increased 0.7% to NIS 1,420 million ($362 million)
- Revenues from content and value added services (including SMS) increased 30.6%, represent 14.7% of services revenues
- Total Revenues totaled NIS 1,608 million ($410 million), a 0.5% increase
- EBITDA increased 2.9%(3) to NIS 637 million ($163 million) EBITDA margin 39.6%
- Operating income increased 6.5%(5) to NIS 444 million ($113 million)
- Net income increased 15.0% to NIS 277 million ($71 million)
- Free Cash Flow(2) increased 33.3% to NIS 400 million ($102 million)
- Subscriber base increased approx. 20,000 during the quarter, mostly post-paid subscribers; reaching approx. 3.228 million at the end of June 2009
- 3G subscribers reached approx. 877,000 at the end of June 2009, net addition of approx. 44,000 in the second quarter 2009
- The Company declared second quarter dividend of NIS 3.05 per share
Cellcom Israel Ltd. announced today its financial results for the second quarter of 2009. Revenues for the second quarter 2009 totaled NIS 1,608 million ($410 million); EBITDA for the second quarter 2009 totaled NIS 637 million ($163 million), or 39.6% of revenues; and net income for the second quarter 2009 reached NIS 277 million ($71 million). Basic earnings per share for the second quarter 2009 reached NIS 2.82 ($0.72).
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