Expenses squeeze Orange income

6 Feb 2012

Jordan Telecom Group, which operates under the Orange brand of majority owner France Telecom (FT), has announced a 5.6% fall in net profit to JOD89.8 million (USD126.3 million) for the year ended 31 December 2011. Total revenue for 2011 was JOD411.8 million, up 2.4% from the previous year, largely due to success in the wireless sector. The revenue growth was offset, however, by a JOD20 million increase in operating expenses for the year. As a result, EBITDA for 2011 was down to JOD163.1 million compared to JOD173.3 million the previous year, representing a decline of 5.9%. Meanwhile, CAPEX for the year was reduced by 10.9% to JOD36.5 million, from JOD41.0 million in 2010. At the end of the year, Jordan Telecom had signed up 3.55 million customers to its wireless, broadband and fixed telephony services, an increase of 17.7% from end-2010.

Jordan, Orange Jordan