Orange Jordan profits up, despite declining revenues

15 May 2012

Jordan Telecom Group has booked revenues of JOD96.4 million (USD135.43 million) for the three months ended 31 March 2012, a decrease of 3.0% year-on-year caused by intense competition. The group, which offers wireless, broadband and fixed telephony services under the Orange banner, recorded net profits of JOD20 million, up from JOD19.5 million in the year-ago period, as operating expenses dropped by 5.6% y-o-y to JOD58.3 million, offsetting the fall in income. Earnings before interest, tax, depreciation and amortisation (EBITDA) for the period under review were JOD38.1 million, a 1.4% increase y-o-y, whilst CAPEX dropped to JOD2.3 million for the period from JOD4.1 million a year earlier.

Jordan,Orange Jordan,


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