Telenor Pakistan today announced its quarterly results for Q3 2016 and reported a 10% increase in revenues.
Company said that its total revenues reached Rs. 27.01 billion during the reported duration, up from Rs. 25.62 billion from same period last year.
Growth in revenues is mainly attributed to strong subscription growth, higher incoming international traffic and continued growth in financial services.
Subscription and traffic revenues in local currency increased by 11%
Company’s interconnect revenues grew 17% during the quarter to reach Rs. 3.7 billion, up from Rs. 3.1 billion during same period last year.
EBITDA in local currency increased by 5% through the strong revenue growth, partly offset by higher rent and energy costs. Adjusted for items not related to third quarter performance, the EBITDA margin
improved by 3 percentage points and EBITDA in local currency increased by 20%.