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Asiacell EBITDA stable in H1, sales fall 15%

Wednesday 27 July 2016 | 13:59 CET | News
Iraqi operator Asiacell's EBITDA remained relatively stable at just over QAR 1 billion for the first six months to June, a 3 percent decrease compared to the same period of 2015. The EBITDA margin improved to 48 percent from 42 percent in 2015, due to Asiacell's successful cost reduction strategy. Net profit increased by more than 18 percent to QAR 74 million. Asiacell's customer base was also little changed, at 10.8 million as of 30 June, approximately in line with the previous year. Parent company Ooredoo said Asiacell's results continued to be impacted by the security situation in Iraq,

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Categories: Mobile & Wireless
Companies: Asiacell
Countries: Iraq
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