Internet Gold — Golden Lines Ltd. (NASDAQ and TASE: IGLD) today reported its financial results for the fourth quarter and year ended December 31, 2015.
Internet Gold holds the controlling interest in B Communications Ltd. (TASE and Nasdaq: BCOM), which in turn holds the controlling interest in Bezeq, The Israel Telecommunication Corp., Israel´s largest telecommunications provider (TASE: BEZQ).
Dividend from B Communications: On November 19, 2015, B Communications´ board of directors declared a cash dividend in the amount of NIS 38 million (USD10 million) or NIS 1.27 (USD0.32) per share. Internet Gold received approximately NIS 25 million (USD6 million) on December 23, 2015.
For the fourth quarter of 2015, the Bezeq Group reported revenues of NIS 2.61 billion (USD668 million) and operating profit of NIS 488 million (USD125 million). Bezeq´s EBITDA for the fourth quarter totaled NIS 947 million (USD243 million), representing an EBITDA margin of 36.3 percent. Net profit for the period attributable to Bezeq´s shareholders totaled NIS 369 million (USD95 million). Bezeq´s cash flow from operating activities during the period totaled NIS 889 million (USD228 million).
Internet Gold is a telecommunications-oriented holding company which is a controlled subsidiary of Eurocom Communications Ltd. Internet Gold´s primary holding is its controlling interest in B Communications Ltd. (TASE and Nasdaq: BCOM), which in turn holds the controlling interest in Bezeq, The Israel Telecommunication Corp., Israel-based telecommunications provider.