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Partner Communications Reports Second Quarter 2012 Results

Stocks in this article: PTNR

Partner Communications Company Ltd. (“Partner” or "the Company") (Nasdaq:PTNR)(TASE:PTNR), a leading Israeli communications operator, announced today its results for the quarter ending June 30, 2012.

Q2 2012 Highlights (compared with Q2 2011)

  • Total Revenues: NIS 1,428 million (US$ 364 million), a decrease of 24%
  • Service Revenues: NIS 1,213 million (US$ 309 million), a decrease of 11%
  • Equipment Revenues: NIS 215 million (US$ 55 million), a decrease of 59%
  • OPEX 1 : NIS 853 million ($217 million), a decrease of 7%
  • EBITDA 2 : NIS 423 million (US$ 108 million), a decrease of 28%
  • EBITDA Margin: 30% of total revenues compared with 31%
  • Operating Profit: NIS 245 million (US$ 62 million), a decrease of 35%
  • Net Profit: NIS 120 million (US$ 31 million), a decrease of 41%
  • Capital Expenditures: NIS 113 million (US$ 29 million), an increase of 51%
  • Free Cash Flow before interest payments 3 : NIS 313 million (US$ 80 million), an increase of 98%
  • Net Debt: NIS 4.2 billion (US$ 1.1 billion), a decrease of NIS 0.7 billion
  • Cellular Subscriber Base: 3.10 million at quarter-end
  • Cellular ARPU: NIS 101 (US$ 26), a decrease of 10%

Mr. Haim Romano, Partner's CEO, said:

“The Company’s financial and operational results of the second quarter reflect the Company’s operations in one of the most volatile periods of the Israeli cellular market. The Multiplicity of mobile operators that are operating in the market today created a new reality that requires the Company to make changes and adjustments both to its marketing and business operations and to its cost structure .

Partner, that has set innovative standards for quality customer service and has been a leader in this field, believes that customer service is still one of the cornerstones of the Company. The simplifying of processes, excellence in customer service, offering innovative products and services and advanced technology, all these enrich and enhance the customer experience and strengthen loyalty.

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