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General

Bezeq cuts 2018 profit outlook by 15%

Wednesday 27 February 2019 | 14:43 CET | News
Israeli operator Bezeq said its profit for the year 2018 will be 15 percent lower than its previous guidance. The company said that the lower profit was mainly due to one-time events, and not to a decline in its regular business. At the same, free cash flow should be 12 percent higher than previously forecast. The company's EBITDA for 2018 is not expected to be materially different from its guidance. 

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Categories: General
Companies: Bezeq
Countries: Israel
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