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PALTEL reported an increase in the overall revenues by 11.02% in 1H 2011 compared to 1H 2010; standing at JD182.21 million and adding by JD85.73 million in Q2 2011. This increase was stimulated by a growth in the main sectors’ revenues; fixed line, wireless (mobile) and data opposed to a decline in the media services subsidiaries’ revenues. The major contributor to revenues– wireless services– reported a figure of JD134.60 million; rising by 13.46% in IH 2011 compared to IH 2010 and accounting for 73.87% of total revenues. Fixed line revenues settled at JD41.62 million in 1H 2011 increasing by 3.42% compared to 1H 2010.
Estimated PE ratio recorded a very attractive level at the end of 1H 2011; 7.23x compared to an actual PE of 8.05x in 2010.
To view full report of Sahem regarding the financial results of 1H 2011 for PALTEL, please click on the following link:
Sahem – PALTEL 1H Flash Result Report