Telenor Pakistan reports revenue of 28.066 billion for its second fiscal quarter (Q2) ending June 2018. It shows a year-on-year growth of 8% in revenue. Last year, during the same period, they had generated Rs. 26.11 billion.
EBITDA (Earnings before interest, taxes, depreciation, and amortization) has persisted vigorously in Q2, growing by 11% as compared to the same period last year.
The company, in its financial report, said that its number of subscribers increased by 0.6 million in April-June 2018, taking the total base to 43.2 million, which is 6% higher than at the end of second quarter last year. Telenor said 250,000 customers are postpaid while remaining 42.99 million subscriptions are prepaid.
“We are pleased to have announced our latest financial results today that show our consistent year-on-year growth despite challenges and stiff competition,” said Irfan Wahab Khan, CEO at Telenor Pakistan. “Telenor Pakistan continues to have a long-term investment commitment in Pakistan and with the support of our people, we are determined to make even larger contributions to Pakistan’ssocio-economicc development.”
Telenor Pakistan at the occasion also thanked its customers. The company has launched the country’s first ever Customer Integration Lab and Easy Bazaar, a retailer-friendly online shopping portal this year. Telenor Pakistan has also partnered with Child Helpline International to help Pakistani children stay safe online.
The company has been a major contributor to the digital and financial inclusion in Pakistan. The company continues to force Pakistan’s ICT-powered digital revolution, setting new trends in using innovative communications technologies for the empowerment of Pakistani public. Many of Pakistan’s industry-first initiatives–such as branchless banking, IoT (Internet of Things), mobile agriculture, digital birth registrations, and more are to the credit of Telenor Pakistan.
Note: Due to exchange rate fluctuation, the YoY revenue growth, measured in NOK and actual revenue generation in PKR is different slightly. For comparison please refer to the below information.