Paltel Group Announces Financial Results for the Period Ending 30th of September 2013, Net Profit Increased by 9.5% to Stand at US$ 96.8 Million

Paltel Group Announces Financial ResultsPaltel Group Announces Financial Results for the Period Ending 30th of September 2013, Net Profit Increased by 9.5% to Stand at US$ 96.8 Million PR Newswire RAMALLAH, Palestine, November 12, 2013 2.2% growth in Net Revenues to reach US$ 397m (vs. Q3, 2012) 4.2% growth in Operating Income to reach US$ 129m (vs. Q3, 2012) 5.3% growth in EBITDA to reach US$ 175m (vs. Q3, 2012) 9.5% growth in Net Income to reach US$ 97m (vs. Q3, 2012) 9.5% growth in EPS to reach US$0.73 (vs. Q3, 2012) 7.3% growth in CAPEX to reach US$ 32m (vs. Q3, 2012) 2.3% growth in total number of subscribers (Fixed, Mobile, Data) (vs. End of year 2012) Paltel Group, the telecommunications leader in Palestine providing mobile, fixed and data services announced its financial results for the period ending th30 September 2013. The results showed an increase in net profit of 9.5% to reach US$ 96.8 million compared to a net profit of US$ 88.3 million for the same period of previous year. The earnings per share (EPS) marked an increase of 9.5% to stand at US$ 0.735 compared with US$ 0.671 for the same period of 2012. The consolidated net operating revenues reached US$ 397.2 million compared with US$ 388.5 million in same period of 2012 reflecting an increase of 2.2% from the previous year. The gross profit, EBITDA and net profit margins achieved growth by 79.8%, 43.9% and 24.3 respectively. The company reported a decrease of US$ 4.