Bezeq International, Pelephone report 2006 results

2 Apr 2007

Bezeq subsidiary Bezeq International has posted a turnover of NIS1.02 billion (USD245 million) in 2006, up 25% on the NIS815 million recorded the previous year. The company attributed the growth to increases in all of the company’s business areas: internet, international calls, data communications, integration and global activity. Operating revenue rose 22% to NIS883 million in 2006 from NIS723 million in 2005 while operating profit rose 42% to NIS132 million. Net profit, however, fell 8.4% to NIS95.6 million from NIS104.4 million as a result of a higher tax liability.

Pelephone, meanwhile, posted a net profit of NIS486 million in 2006, up 69% on 2005, and revenue rose 1.1% to NIS4.48 billion. Revenue from value-added services and content totaled NIS380 million, and cash flow rose 180%.