Company Lookup
عربي
Download Demo
 

Market News

This Month News

This Month News

send to a friend by email

WATANIYA Mobile Announces Its 2011 Financial Results With An Increase in All Financial And Operating Indicators

2012-02-14

Wataniya Palestine Mobile Telecommunications WATANIYA, the latest mobile communications operator in Palestine, is the first listed company to disclose its first annual report for the year 2011 since its launching. WATANIYA disclosed its audited financial statements before the end of the statutory period to disclose the unaudited year-end preliminary financial statement, reflecting its leading role in terms of legal commitment and transparency since it is considered the first among all listed companies in its subscribed capital ( $ 258 million) as of 31/12/2011.

WATANIYA has achieved positive results in its financial performance for the year 2011. Its overall revenues increased 96%, hitting $ 75 million at the end of 2011 compared to $ 35 million in 2010. The results have also shown significantly increase in the company’s operational performance indicators , its subscribers reached 465 thousand at the end of 2011 compared to 353 subscriber at the end of 2010.While the average monthly revenues per subscriber stood at $ 12.7 at the end of 2011, compared to $ 11.2 in 2010.

Dr. Muhammad Mustafa- the chairman of WATANIYA- said: “We are so proud of the positive indicators achieved by the WATANIYA at the end of 2011 , and we are so happy of the success of the Initial Public Offering IPO that attributed about 155% of the shares offered, in addition to including WATANIYA’s share in Palestine Stock Exchange PEX and weighting it in Al-Quds index at the end of 2011.” 

Commenting on the financial statements, Dr. Basam Hanon- the CEO of WATANIYA – added: “ After two years of launching the WATANIYA, the company included a positive earnings before interest, tax , depreciation and amortization of $ 3.9 million in 2011 compared to $ 21.5 operational losses in 2010 ; up by 118% .

Dr. Hanon added: “the financial results achieved by the WATANIYA during 2011 are an indicator of the subscribers’ confidence of the company’s programs and services. The WATANIYA’s subscribers’ increase came as a result of the company’s inception sought to develop plans and strategies to pursue an excellence in the telecommunications field in addition to providing special campaigns and offers to its customers. The company’s market share in the West Bank reached 24% in 2011. ”

 

It is worth mentioning that WATANIYA’s subscribers reached half million in the beginning of 2012, and the company has offers a special campaign for this occasion < Half Million Subscriber in Two Years Only> and a special offer of 100% free credit.

 


 

2017-05-25
Dividends yield reports 5.8% in the PEX

2017-05-18
PADICO is higher than its equivalent price and the PMA is planning to issue digital currency

2017-05-16
PADICO approves distributing 5% cash dividends for the year 2016

2017-05-11
The PEX records an average PE of 11.1x in Q1 2017

2017-05-10
Manaseer Cement & Mining Company signs a partnership agreement with Sanad Construction Industries Company

2017-05-09
QUDS approves distributing 12% stocks dividends for the year 2016

2017-05-07
RSR approves distributing 7% cash dividends for the year 2016

2017-05-07
AZIZA approves distributing 18% cash dividends for the year 2016

2017-05-07
PIIC approves distributing 6% cash dividends for the year 2016

2017-05-04
Al-Quds Index increases with the end of the quarterly financial data disclosures’ season

2017-05-03
PIBC approves raising its paid-up capital to $61 million

2017-05-02
RSR reports net income of JD0.094 million in Q1 2017

2017-05-02
WASSEL posts net income of $0.14 million in Q1 2017

2017-05-02
PADICO reports net income of $4.71 million in Q1 2017

2017-05-02
AHC realizes net loss of JD0.53 million in Q1 2017

2017-05-02
ISBK posts net income of $3.04 million in Q1 2017

2017-05-02
BOP reports net income of $12.35 million in Q1 2017

2017-05-02
PID realizes net loss of JD0.01 million in Q1 2017

2017-05-02
BPC records net income of $2.92 million in Q1 2017

2017-05-02
PICO reports net income of $1.00 million in Q1 2017

2017-05-02
MIC posts net income of $0.31 million in Q1 2017

2017-05-02
JCC realizes net loss of JD0.06 million in Q1 2017

2017-05-02
JPH records net income of $1.60 million in Q1 2017

2017-05-02
GMC posts net income of JD0.25 million in Q1 2017

2017-05-02
NSC records net income of JD0.05 million in Q1 2017

2017-05-02
NCI records net income of $0.06 million in Q1 2017

2017-05-02
PRICO realizes net loss of JD0.13 million in Q1 2017

2017-05-02
ABRAJ records net income $0.08 million in Q1 2017

2017-05-02
ELECTRODE reports net income of JD0.01 million in Q1 2017

2017-05-02
PIIC records net income of JD1.70 million in Q1 2017

2017-05-02
LADAEN realizes net loss of JD 0.03 million in Q1 2017

2017-05-02
AZIZA posts net income of JD1.33 million in Q1 2017

2017-05-02
PALTEL records net income of JD18.04 million in Q1 2017

2017-05-02
AQARIYA posts net income of JD0.24 million in Q1 2017

2017-05-02
GUI reports income of $0.87 million in Q1 2017

2017-05-02
NIC posts net income of $1.54 million in Q1 2017

2017-05-02
TRUST reports net income of $1.74 million in Q1 2017

2017-05-02
TIC records net income of $0.82 million in Q1 2017

2017-05-02
QUDS posts net income of $3.94 million in Q1 2017

2017-05-02
ARAB records net income of JD0.029 million in Q1 2017

2017-05-02
PIBC posts net income of $0.98 million in Q1 2017

2017-05-02
PALAQAR reports net income of JD0.025 million in Q1 2017

 

 

 
Sahem Trading & Investments Company - PEX Member and licensed by PCMA
© All Rights Reserved 2013