Telenor Q313 net profit up 7.4%

Telenor Q313 revenues were up very slightly, while net profit was also up, but hurt by currency losses.

Telenor Group reported revenues of NOK26 billion (US$4.4 billion), representing an organic revenue growth of one per cent. EBITDA before other items was NOK9.6 billion, EBITDA margin was 37 per cent, and operating cash flow was NOK5.9 billion.

Net profit came in at NOK3.92 billion as compared to NOK3.65 billion a year ago. The company absorbed a NOK502 million currency loss.

"Our effort to capture growth remains a top priority, while we will continue to drive efficiency improvements,” said Jon Fredrik Baksaas, president and CEO of Telenor Group.

"Based on the performance in the first three quarters and the outlook for the rest of the year, we revise the outlook for organic revenue growth to 1-2 per cent and capex to sales to 13-14 per cent. We maintain our guidance of around 34 per cent EBITDA margin," Baksaas added.

Du net profit up 45% in Q3

UAE telco Du reported that its Q313 revenues were boosted by growth in both landline and mobile divisions, while net profit soared by 45 per cent year-on-year.

Mobile revenues rose by 9.7 per cent year-on-year to AED2.05 billion (US$558 million), while landline revenues rose by 8.9 per cent to AED439 million.

Net profit increased by 45 per cent to AED474 million (US$129 million).

The mobile customer base also increased, by 15.7 per cent to 6.9 million, although landline growth was lower at 5.9 per cent to take that customer base to 587,835 at the end of September.

Du’s mobile market share remains stable at 46.4 per cent.

Bharti Airtel reports healthy six-month period to end-September

Bharti Airtel’s H1 results to end-September reflected healthy year-on-year revenue growth of 13.3 per cent and 17.1% growth in EBITDA on a local currency basis, reflecting improved performances from all major segments.

Wireless business in India – which remained the group’s largest profit driver and contributed 56.6 per cent of consolidated EBITDA in H1 – reported year-on-year growth of 17 per cent in reported EBITDA. While adding a modest 4.4 per cent to its customer base, overall average revenue per user (ARPU) increased year-on-year by 8.5 per cent due to successful realisation increases, however quarter-on-quarter overall blended ARPU fell by four per cent mainly due to a seasonality issue. Although data users still only represent 26.2 per cent of total customer base in India, the 24.7 per cent year-on-year increase in the number of data users — and the subsequent 111.8 per cent year-on-year increase in total data usage – also contributed to the overall ARPU growth year-on-year.

Bharti’s international wireless business also reported H1 revenue and EBITDA growth of 11.4 per cent and 15.7 per cent in local currency terms compared to the same period last year. However the impact of rupee depreciation reduced growth to 2.4 per cent and 6.1 per cent in US dollar terms. Africa operations continued on its positive trend and reported a 13 per cent growth in total customers, though this increase was partially offset by a 10.9 per cent decrease in ARPU. Operating cash flow- using EBITDA – capex as a proxy – also stayed positive at about US$266 million, representing a year-on-year increase of 9.5 per cent.

Ooredoo Q3 results badly affected by FX impact in Indonesia

Ooredoo has seen its third quarter profits plunge as the company was hurt by foreign exchange losses from its Indonesian subsidiary.

The company posted quarterly revenue that was down by 1.4 per cent at QAR8.5 billion (US$2.33 billion), and a net profit that fell by 58 per cent to QAR 337 million.

Excluding the Indosat impact, profits would have been flat year-on-year for the quarter.

Nasser Marafih, group CEO of Ooredoo said: "Ooredoo has continued to produce strong revenue growth in this period, with particularly impressive performances from Ooredoo Qatar, Nedjma and Asiacell."

Consolidated customers at the end of September came to 89.6 million, flat on the 89.2 million recorded at the end of the same period in 2012.

Excluding this foreign exchange impact, Ooredoo’s net profit to shareholders stood at the same level as in Q312, according to the operator, and increased by 12 per cent for the first nine months of 2013.

Econet Wireless sees 10% profit drop in the six months to end-August

Econet Wireless, Zimbabwe’s leading mobile operator, reported a near 10 per cent fall in half-year profit in the six months to end-August 2013. The operator said it was affected by slowing growth in voice revenue and a one-time licence renewal fee.

The company’s profit during the period totalled US$70.56 million, down from US$78 million the previous year.

The number of subscribers rose to 8.5 million, while revenue grew by 11 per cent to US$376.6 million.

Econet also paid US$137 million to renew a 20-year licence in July, with CEO Douglas Mboweni stating the cellco’s mobile money transfer service, Ecocash, had processed US$1.2 billion in transactions in the last six months and now contributed 10 per cent of total revenue