Mobilink, Pakistan's market leader in cellular services and part of Orascom Telecom Holding (0TH), has posted strong revenues, higher EBITDA and increasing subscriber base in the third quarter of 2010, as compared to the same period last year. Mobilink posted revenue of PKR 23 billion for third quarter of 2010, as compared to PKR 21.5 billion for the same period last year, translating into a year on year increase of 6.27 percent.
EBITDA increased from PKR 7.7 billion in Q3 2009 to PKR 9 billion in Q3 2010, registering an increase of 17.8 percent. Mobilink subscriber base showed 4.7 percent growth, as compared to closing base of Q3 2009 closing at 31.44 million at the end of Q3 2010.
The company has maintained its leadership position even in the current economic environment. According to the results published by 0TH, during the first 9 months of 2010, the revenue grew by 9.6 percent in local currency as compared to same period in 2009. Moreover, the EBITDA grew by 22.3 percent in local currency and by 16.9 percent in USD terms from January to September 2010, as compared to same period in 2009.
Khaled Bichara, Group CEO, 0TH shared that 0TH subscribers have now surpassed the 100 million mark and net income before minority interest has reached $922 million for the period. Bichara highlighted the challenges faced by Pakistan due to the floods and Orascom's contribution for the benefit of the flood victims in Pakistan.
Rashid Khan, President and CEO, Mobilink said, "Mobilink has further consolidated its position in the market and continues to market aggressively in Q3 2010: This is a great achievement for us at a time when the industry, economy and the nation, as a whole is going through a tough time.-PR
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