DNA net profit, EBTIDA up in 1H 2010

9 Aug 2010

Alternative telco DNA Finland has reported its financial results for the six months ended 30 June 2010, more than doubling net profit for the period compared to the year earlier. In the first half of its 2010/11 fiscal year the company posted a net profit of EUR28 million (USD37 million), up from EUR12 million in 1H 2010. Revenues meanwhile also rose, up 2.5% year-on-year at EUR328 million, with earnings before interest, tax, depreciation and amortisation (EBITDA) surging 32.4% to EUR94 million. CAPEX in the first six months of 2010 totalled EUR45 million, down from EUR88 million in the same period in 2009.

In operational terms, DNA reported a mobile voice subscriber base of 2.06 million, while fixed line voice connections continued to decline, standing at 182,000 at end-June 2010, down from 215,000 at end-June 2009. The operator’s broadband customer base received a significant boost following DNA’s acquisition of cable broadband provider Welho from Sanoma in June 2010; DNA’s own broadband subscriber numbers had fallen to 175,000 at end-June 2010 from 187,000 a year earlier, but taking into account the customers acquired via the Welho purchase DNA’s total rose to 290,000.

Finland, DNA Finland, SWelcom Television (Welho)