Bezeq Israel revenue falls 5.3% in Q4

Thursday 19 March 2020 | 17:14 CET | News
Bezeq Israel said revenues for the fourth quarter slipped 5.3 percent from the year before to ILS 2.20 billion, with all segments contributing to the lower results. The operating results went to a profit of ILS 11 million from a loss of 1.81 billion. EBITDA also rose to a profit, of ILS 600 million, with a margin of 27.2 percent, from a loss of 1.23 billion. The adjusted EBITDA widened to ILS 5 million, from a loss of 1.76 billion. The company said the loss came mainly from the write-off of tax assets in connection with Yes losses, plus changes in impairment and operating expenses.

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Categories: General
Companies: Bezeq
Countries: Israel
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