Telenor Pakistan gained Rs. 23.68 billion in earnings in Q1 2014

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Telenor’s Pakistani arm, Telenor Pakistan has released its statistics reports of the first quarter of this ongoing year. As per the figures, it amassed a whopping Rs. 23.68 billion in earnings, showing a healthy growth rate of 5.4 % in its profits. In 2013, Telenor managed to grab Rs. 22.40 billion from the aforesaid duration.

The major reason behind the boost in revenues is considered to be the launch of call set-up fees and data earnings uptake.

A minimal 2 percent of the entire profit was generated by EasyPaisa, a financial facility aimed at local users.

A very smooth trend was seen in the EBITDA margin due to the fact that takeover costs hiked from strong customers boost was shadowed by savings from post-transformation of its network and some energy saving schemes.

According to the balance sheet, recent network swap minimized depreciations and yielded operating revenue of Rs. 4 billion as the network modernization project ended in 2013.

Moreover, a reduction of Rs. 3.43 billion was also seen in capital expenditure because of the system revamp completion. Hence, network was improved and beefed up coverage capability and capacity of the system.

On the other hand, a 6 percent cut was seen in the average revenue per user. The decrease in the ARPU was mainly because of the tough on-net battle and customer growth.

During the Q1, a total of 1.8 million new consumers were boarded on the Telenor ship. It is almost 14 percent more than Q1 of 2013. Telenor calculated that its total user-base by the end of March, 2014, crossed all time high of 35.21 million.

The average of 268 minutes per user was observed each month. This figure is also high from 222 minutes, which was recorded in 2013.

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