Telenor Pakistan announces financial results for second quarter of 2018

Telenor Pakistan announces financial results for second quarter of 2018
Telenor Pakistan announces financial results for second quarter of 2018

Telenor Pakistan, one of the country’s top telecom and digital services providers, today reported revenue of 28.066 billion for its 2nd fiscal quarter endingJune, 2018. The latest financial results show a year-on-year growth of 8% in revenue. EBITDA has remained strong in Q2, growing by 11% as compared to the same period last year. By the end of Q2, 2018, Telenor Pakistan’s subscriber base showed a year-on-year growth of 6% with 43.24 Million total subscribers.

“We are pleased to have announced our latest financial results today that show our consistent year-on-year growth despite challenges and stiff competition,” said Irfan Wahab Khan, CEO at Telenor Pakistan. “We extend our heartfelt gratitude to our customers who we owe all our success to.From launching the industry-first Customer Integration Lab at Telenor Pakistan HQ – 345, to launching Easy Bazaar, a retailer assisted online shopping using BVS devices, to hosting multiple hackathons for Pakistani youth to tackle social challenges; at Telenor Pakistan, providing products & services that make our customers’ journey better has remained an integral part of our spirit. Telenor Pakistan continues to have a long-term investment commitment in Pakistan and with the support of our people, we are determined to make even larger contributions to Pakistan’s socioeconomic development.”

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Telenor Pakistan, with its mission of empowering societies, has been a major contributor to the digital and financial inclusion in Pakistan. The company continues to spearhead Pakistan’s ICT-powered digital revolution, setting new trends in the use of innovative communications technologies for the empowerment of Pakistani masses. Many of Pakistan’s industry-first initiatives – such as branchless banking, IoT (Internet of Things), mobile agriculture, digital birth registrations, and more – are to the credit of Telenor Pakistan. Since its inception, the company has carved its way up to remarkable success becoming the country’s primary digital lifestyle partner.

Note to the Editor

Due to exchange rate fluctuation, the YoY revenue growth, measured in NOK and actual revenue generation in PKR different slightly. For comparison please refer to below information.

NOK PKR Organic
 (Numbers in million) Q2-18 Q2-17 Q2-18 Q2-17 Growth YoY
Total Revenues 1.928 2.113 28.066 26.023 8 %
EBITDA boi 956 1.017 13.916 12.521 11 %

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