Wataniya Telecom revenues up 2.9 percent to $1.33 billion in H1 2013

Wataniya Telecom revenues rose 2.9 percent to KD378.9 million ($1.33 billion) in the first half of 2013.

The net profit decreased to KD42.4 million ($148.6 million) from KD47.4 million ($166.1 million).

The decline in profit was due to competitive Kuwaiti market and the Tunisian operation, which has been affected by a still difficult economic situation and tax claims pertaining to the previous five years.

The Middle East telecom operator (telecoms) customer base increased to 19.6million from 18.3 million, increasing 7.2 percent.

EBITDA for H1 was KD151.1 million ($529.8 million) compared to EBITDA of KD154.0m ($539.9 million) for the same period in 2012.
“Algeria maintained its growth leadership of the group and Tunisiana demonstrated its ability to perform well in a difficult environment. Market conditions in Kuwait remain challenging, but our customers will benefit from our network modernization and more 4G services in the near future,” said Sheikh Abdullah Bin Mohammed Bin Saud Al Thani, chairman of Wataniya Telecom.

Wataniya – Kuwait

Wataniya Kuwait’s revenues decreased 8.4 percent to KD104.6 million ($366.6 million). Net Profit decreased to KD13.5 million ($47.3 million) from KD29.1 million ($102.1 million). Wataniya Kuwait’s customer base rose to 1.94 million customers, up 0.1 percent.

Tunisiana – Tunisia
The Tunisiana revenues decreased to KD97.9 million ($343.2 million) from KD100.6 million ($352.7 million). Net profit declined 38.5 percent to KD17.2 million ($60.4 million). The Tunisiana customer base rose 6 percent to 7.3 million customers.

Nedjma -Algeria

Revenues increased 16.4 percent to KD148.7 million ($521.3 million). Net profit increased to KD26.7 million ($93.5 million). Nedjma’s customer base rose 9.1 percent to 9.33 million customers.

Wataniya – Palestine

Wataniya Mobile Palestine’s revenues rose 10 percent to KD12.6 million ($44.1 million). Net loss for H1 2013 was KD3.3 million ($11.5 million) compared to net loss of KD3.2 million ($11.2 million). Wataniya Mobile Palestine’s customer base rose 10.2 percent to 0.63 million.

Bravo – Kingdom of Saudi Arabia

Revenues increased marginally to KD8.8 million ($30.8 million) from KD8.7 million ($30.3 million). Net profit for H1 2013 was at KD1.1 million ($3.7 million) compared to net loss of KD4.9 million ($17.1 million) for the same period in 2012. Bravo’s customer base rose 0.8 percent to 0.17 million.

Wataniya – Maldives

Wataniya Maldives revenues rose to KD6.4 million ($22.4 million) from KD5.6 million ($19.5 million). Net loss was KD0.8 million ($2.7 million) compared to net loss of KD1.2 million ($4.2 million) for the same period in 2012. Wataniya Maldives customer base rose 36.4 percent to 0.22 million.

picture source: arabiangazette.com

[email protected]


More like this

India telecoms poised for ARPU growth with tariff hike and data surge

Indian telecom companies are set to see a substantial...

SK Telecom to invest $200 mn in SMART Global in AI push

SK Telecom is set to invest $200 million in...

AT&T faces scrutiny over cybersecurity spending following data breach impacting 109 mn

Telecom operator AT&T has disclosed a significant data breach...

TPG Telecom and Optus network sharing deal faces review in Australia

Australia’s competition watchdog, the Australian Competition and Consumer Commission...