MakTel reports 15% fall in net income for 9M12

5 Nov 2012

Macedonian incumbent fixed line and mobile operator Makedonski Telekom (MakTel) has reported a 15% fall in net profit for the first nine months of this year to MKD3.645 billion (USD77 million), from MKD4.294 billion in the corresponding period of 2011, on operating revenue of MKD11.987 billion – broadly unchanged from MKD11.991 billion a year before. In its filing with the country’s Securities and Exchange Commission, MakTel also said that operating costs in 9M12 rose by around 8% to MKD8.489 billion and operating profit stood at MKD3.497 billion (down16%)

Operationally speaking, MakTel closed out September 2012 with a total of 167,000 DSL subscribers, up 6.1% y-o-y, thanks to an increased focus on double- and triple-play packages, helping its IPTC user base to climb 63.9% to 58,000. However, the carrier also reported a 7.6% y-o-y fall in fixed line subscribers to 294,000 at end-September, and a corresponding 16.7% fall in outgoing traffic which drove down fixed revenues by 10.6%. The group’s mobile operation, T-Mobile Macedonia, has also struggled in 2012, with turnover and voice usage being impacted by ‘intensified competition in the pre-paid and business segment,’ it said. The number of mobile users dipped to 1.227 million at 30 September 2012 while blended monthly average revenue per user (ARPU) decreased by 8.6%. Despite the fall in users T-Mobile Macedonia closed out the third quarter with a dominant 47.8% (estimated) mobile market share.

North Macedonia, Makedonski Telekom (Telekom), T-Mobile Macedonia