Mobile telephone network operator

Partner Communications

(Nasdaq, LSE:PTNR) announced on Thursday that its first-quarter 2001 Ebitda (earnings before interest, taxes, depreciation and amortization) reached NIS 84.4 million.

Its revenues for the quarter rose 70.3% to NIS 704.1 million, compared with the NIS 413.5 million in the first quarter of 2000.

The firm's customer base exceeded one million subscribers during the first quarter of this year, and its market share increased to an estimated 21%, up from 14% in the first quarter of 2000.

Its gross profit for Q1 of 2001 was NIS 55 million, or 7.8% of revenues, compared to a gross loss of NIS 52.1 million in the first quarter of 2000.

Partner's CEO Amikam Cohen says the firm has already made great strides, and is off to an excellent start for the year. "Revenues grew by a quarter-to-quarter growth rate of 12%, and significantly improved our EBITDA performance," he said.

At NIS 84.4 million, Partner's EBITDA for the first quarter has improved by NIS 125.6 million over the NIS 41.2 million negative EBITDA posted for the first quarter of 2000.

The company's operating loss for the first quarter was NIS 44.1 million, compared to NIS 159.3 million for the first quarter of 2000.

Net loss for the first quarter was NIS 136.3 million, or NIS 0.76 per ADS, compared to NIS 176.1 million, or NIS 0.98 per ADS for the same period one year ago.