Telenor Records 10% Growth in Revenues [Updated]

Telenor Pakistan posted 10% growth in revenues in local currency for first quarter of 2017.

Telenor posted revenues of PKR 25.17 billion during Q1 2017, up from Rs. 22.92 billion during the same period last year.

Telenor, in its earning report for Q1 2017, said that EBITDA increased by 25%; mainly driven by increased revenues from data and international traffic and cost efficiency measures.

Company’s overall ARPUs fell 2%, still the subscription and traffic revenues reached PKR 20.34 billion during the reported period, up from PKR 18.60 billion during the same period last year.

This increase in revenue is mainly due to 9% higher subscription base by the end of first quarter as compared to last year.

Telenor said that it crossed 40 million mark for its mobile cellular customers as the number of subscriptions increased by 623,000 during the first quarter of 2017 only.

Postpaid ARPUs decreased from PKR 532 per user per month during Q1 2016 to just PKR 508 per user per month. At the end of first quarter, company’s postpaid subscriptions hovered around 471K mark.

Below are financial highlights from the reported quarter:

An earlier version of this story erroneously said that Telenor’s revenue decreased during Q1 2017. But since Tameer Bank accounts are now maintained separately, and they are not accounted in this years’ financials, Telenor Pakistan actually grew its revenues by around 10%.