Mobilink Revenues Decline 8% YoY in Q2 2014

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Mobilink has posted 8% decline in its quarterly revenues during Q2 2014 as compared to last year during the same duration, said a financial report published by company’s parent group VimpelCom.

As per stats, Mobilink generated Rs. 26.3 billion during second quarter of FY 2014, down from Rs. 28.5 billions it generated during the same duration last year.

Group’s quarterly report said that revenues were mainly impacted by strong competition on the back of increased network capacity as well as unfavourable macro-economic situation.

Company’s 4 percent of revenues, or Rs. 1.1 billion were generated through data services.

EBITDA decreased 16% YoY, negatively impacted by higher customer associated cost and higher tax absorption.

CAPEX increased to USD 110 million due to the network modernization project and the 3G roll out. The network modernization project is delayed due to congestions in some of the already modernized areas and is expected to be completed in 1Q15, which was previously planned for completion during Q3 2014.

Financial stats suggest that Mobilink’s ARPU (Average Revenue per User) stood at Rs. 214 per month, down 14 % from Rs. 249 per month it reported during the same duration last year.

Not only the ARPU, but the average minutes per user per month also declined to 230 minutes per user per month, down from 233 minutes of consumption per user month during last year.

Mobilink’s mobile customer base increased 4% YoY to 38.8 million by the end of reported period.

Below are the financial highlights again:

Mobilink

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