Mobilink Posts Steady Q3 2012

Mobilink_logoMobilink reported steady third quarter with Rs. 25.5 billion in total revenues for third quarter of ongoing fiscal year, up from Rs. 24.45 billion during same duration last year demoing a growth of mere 4 percent, said the financial release issued by its holding company VimpelCom yesterday.

Mobilink said that steady growth in revenues is due to service suspension at two major occasions by the government. Furthermore, revenues were impacted by monsoon and floods in the southern and central regions.

Mobilink did well in shrinking expenditures, which remained Rs. 29 billion during the reported duration, down from Rs. 55 billion in same quarter for previous year.

Mobilink’s EBITDA grew by 10% YoY in local currency terms, mostly on account of growing revenue and ongoing cost control measures, including lower customer acquisition and retention costs

Mobilink’s subscriber base reached 36.1 million as at the end of 3Q12, with 8 % YoY growth rate.

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Company’s ARPU declined by 2 percent to Rs. 231 at end of Q3 2012, down from Rs. 236 during the same period last year.

Tech reporter with over 10 years of experience, founder of ProPakistani.PK