Bezeq (yes) Reports First Quarter 2009 Results
Wednesday, May 20th, 2009TEL AVIV, Israel — Bezeq – The Israel Telecommunication Corp., Limited (TASE: BEZQ), Israel’s leading telecommunications provider, announced today its financial results for the first quarter 2009 period ended March 31, 2009.
yes: The multi-channel pay-TV segment posted record revenue of NIS 384 million, driven by a 2.0% year-over-year increase in subscribers to 560,000. ‘yes’ also made dramatic improvements in profitability during the first quarter of 2009, with operating profit of NIS 66 million. Excluding the impact of financing costs to shareholders, yes generated a net profit of NIS 40 million as compared to a net loss of NIS 14 million in the year ago period. First quarter EBITDA totaled NIS 122 million, up 33.9% year-over-year, reflecting an EBITDA margin of 31.9%. yes’ free cash flow increased to NIS 29 million in the first quarter as compared to NIS 5 million in the year ago period.
FY FY Q1 Q2 Q3 Q4 FY Q1 2006 2007 2008 2008 2008 2008 2008 2009 ---- ---- ---- ---- ---- ---- ---- ---- Subscribers (in 000's) 540 549 549 551 556 560 560 560 QoQ Change 0.0% 0.4% 0.9% 0.7% 0.0% YoY Change 3.6% 1.7% 1.3% 1.5% 2.0% 2.0% 2.0% 2.0%
More: Earnings Release
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