Mobilink Posts Rs. 38.5 Billion Post-Merger Revenues

Mobilink has reported Rs. 38.5 billion — post mergenr — consolidated revenues for both the companies for third quarter of FY 2016, up from Rs. 25.9 billion it had reported during the same duration last year.

Mobilink said that its stand-along revenues increased 17% YoY, thanks to growth in all streams. Company said that its voice and SMS revenues grew due to customer growth while data revenue grew by 71% during the quarter.

Revenues from Mobile Financial Services (“MFS”) continued to show growth at 42%, mainly due to success of over-the-counter (“OTC”) transactions and higher agent activity.

Underlying EBITDA margin, excluding integration costs related to the Warid transaction, was 42% in Q3 2016, supported by Warid’s improved margins, resulting from the progress of integration activities.

Capex increased to PKR 7.6 billion in Q3 2016 with a LTM capex to revenue ratio of 15.9%, driven by integration expenses. LTM operating cash flow margin was 27.2% in Q3 2016.

Mobilink said that post-merger synergies of ~PKR 500 million have already been realized from site sharing and marketing costs optimization.

Mobilink didn’t reveal its ARPU, average monthly voice and data stats for the quarter.

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


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