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General

Hot Telecom Q2 profit falls 44% to ILS 36 mln

Tuesday 7 August 2018 | 10:02 CET | News
Israeli operator Hot Telecom's net profit decreased by 44 percent to ILS 36 million in the second quarter ending 30 June from ILS 64 million in the same period in 2017 because of stiff competition. Revenue fell to ILS 1.03 billion from ILS 1.05 billion in 2017, Globes reported. The 2 percent decline stems from a fall in revenue from cable services, offset by a rise in revenue from mobile services.

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Categories: General
Companies: Hot
Countries: Israel
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