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Wireless

Djezzy reports improved revenue trend as customer growth continues in Q1

Thursday 2 May 2019 | 11:20 CET | News
Veon reported first-quarter revenues of DZD 22.8 billion for its Algerian subsidiary Djezzy, down 1.3 percent year-on-year. This compares with the 4.5 percent drop in underlying revenues posted in Q4 2018, confirming the progressive improvement in performance that started in early 2018. Underlying EBITDA declined by 7.3 percent to DZD 9.6 billion, reflecting lower revenues, increased taxation, higher investment and additional channel incentives. On a reported basis, the EBITDA result was up 1.8 percent due to the positive impact of IFRS 16 adoption.

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Categories: Mobile & Wireless
Companies: Djezzy
Countries: Algeria
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