Stable second quarter topartner Which ends with a net profit of NIS 9 million. In the corresponding quarter last year, the net profit was NIS 7 million, and the company ended the previous quarter with only NIS 5 million.
The group’s revenues grew strongly due to the return of flights, and amounted to NIS 840 million in the quarter, compared with NIS 833 million in the previous quarter and NIS 774 million (an increase of 9%) in the corresponding quarter last year.
Cellular activity grew to NIS 420 million, compared with NIS 413 million in the previous quarter and NIS 409 million in the corresponding quarter last year.
On the other hand, Partnerf’s fixed station activity, which includes Internet and television activity, grew almost in the quarter and increased by only NIS 2 million in revenue compared with the previous quarter, but grew by NIS 18 million compared with the corresponding quarter last year.
According to Partner, the group added a net 18,000 fiber subscribers in the quarter and 10,000 TV subscribers, neutralizing the deletion of 21,000 TV subscribers for past periods.
Operating profit in the cellular sector grew to NIS 35 million in the quarter, compared with NIS 13 million in the corresponding quarter last year, an increase of 169%. EBITDA amounted to NIS 139 million in the quarter, an increase of 8%.
In the landline segment, the company made an operating loss of NIS 5 million, compared with an operating profit of NIS 7 million in the corresponding quarter last year, which may explain the move to increase the price of television services since the beginning of the month.
The company’s cash flow fell sharply and amounted to only NIS 8 million, a decrease of 81% compared to NIS 44 million at the same time last year and a decrease of 50% compared to the previous quarter.
The abandonment rate in mobile has risen to 7.2%, after the company managed to lower it in the previous quarter to 6.8%. The average income per subscriber remained unchanged and amounted to NIS 48 per month compared with the previous quarter and decreased from NIS 51 per month at the same time last year.
The current number of TV subscribers after the deletion stands at 223,000.
“Profitability also in the corona period”
Avi Zvi, CEO of Partner, stated that “in the second quarter, Partner continued to lead the Israeli communications market in innovation and growth in business activity, while maintaining profitability even at a time when the impact of the corona is still being felt.
“Since taking office in June, I have been studying the company, getting to know its employees and formulating with the members of the management and the board the new organizational structure that will lead Partner forward. I have been exposed to a company with first.rate human capital and managerial flexibility And significant.
“In parallel with the construction of Partner’s new strategy and structure, we have already begun moves designed to further promote Partner’s leadership in customer service and increase profitability in the company’s product lines and operating segments.”