Paltel posts 9.5% rise in profit in Q3 to US$97 million

Paltel has posted a near 10 per cent rise in its Q3 profits, rising faster than revenues or the customer base.

Revenues rose by 2.2 per cent to US$397 million, while net profit was up by 9.5 per cent to US$97 million. The customer base grew by 2.3 per cent.

Mobile subscribers grew in number from 2.59 million at the end of 2012 to 2.63 million at the end of Q313 reflecting a 1.7 per cent growth rate. Mobile subscriber ARPU decreased by 3.5 per cent to US$12.6.

The number of fixed line subscribers grew 401,000 at the end of the period, up 1.2 per cent year-on-year. ARPU for fixed line users grew by one per cent to US$ 19.3.