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Telenor Pakistan Announces Financial Results for Second Quarter of 2018

Telenor Pakistan Announces Financial Results for Second Quarter of 2018

Telenor Pakistan, one of many nation’s prime telecom and digital providers suppliers, in the present day reported income of 28.066 billion for its 2nd fiscal quarter ending June, 2018. The newest monetary outcomes present a year-on-year development of 8% in income. EBITDA has remained robust in Q2, rising by 11% as in comparison with the identical interval final 12 months.

By the top of Q2, 2018, Telenor Pakistan’s subscriber base confirmed a year-on-year development of 6% with 43.24 Million whole subscribers.

Telenor Pakistan Q2 Consequence Announcement

Irfan Wahab Khan, CEO at Telenor Pakistan, mentioned:

“We’re happy to have introduced our newest monetary outcomes in the present day that present our constant year-on-year development regardless of challenges and stiff competitors,”

“We lengthen our heartfelt gratitude to our prospects who we owe all our success to. From launching the industry-first Buyer Integration Lab at Telenor Pakistan HQ – 345, to launching Straightforward Bazaar, a retailer assisted on-line purchasing utilizing BVS units, to internet hosting a number of hackathons for Pakistani youth to sort out social challenges; at Telenor Pakistan, offering merchandise & providers that make our prospects’ journey higher has remained an integral a part of our spirit. Telenor Pakistan continues to have a long-term funding dedication in Pakistan and with the assist of our folks, we’re decided to make even bigger contributions to Pakistan’s socioeconomic improvement.”

Telenor Pakistan, with its mission of empowering societies, has been a significant contributor to the digital and monetary inclusion in Pakistan. The corporate continues to spearhead Pakistan’s ICT-powered digital revolution, setting new tendencies in using progressive communications applied sciences for the empowerment of Pakistani plenty. Lots of Pakistan’s industry-first initiatives – resembling branchless banking, IoT (Web of Issues), cellular agriculture, digital beginning registrations, and extra – are to the credit score of Telenor Pakistan.

Since its inception, the corporate has carved its means as much as outstanding success turning into the nation’s major digital life-style associate.

Observe to the Editor

Because of trade price fluctuation, the YoY income development, measured in NOK and precise income era in PKR totally different barely. For comparability please check with under info.

NOK PKR Natural
 (Numbers in million) Q2-18 Q2-17 Q2-18 Q2-17 Progress YoY
Complete Revenues 1.928 2.113 28.066 26.023 8 %
EBITDA boi 956 1.017 13.916 12.521 11 %

About Telenor Pakistan

Telenor Pakistan is a supplier of top quality telecommunication providers in Pakistan since 2005. It has over 43 million subscribers, over 2,200 staff and a nationwide community.

Additionally Learn: Telenor Microfinance Financial institution and Telenor Group Executives meet with Jack Ma in Hangzhou, China

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