Partner Communications reports Q2 2017 results

Partner Communications Company Ltd. (NASDAQ and TASE: PTNR), an Israeli communications operator, has announced its results for the quarter ended June 30, 2017, the company said.

During the last quarter, the company´s cellular subscriber base grew by four thousand subscribers, with the Post-Paid subscribers increasing by 14 thousand subscribers while the Pre-Paid subscribers base declined by 10 thousand subscribers.

An increase in the size of the subscriber base together with an increase in ARPU, as a result of seasonality and price stability in calls and data packages, resulted in a quarterly increase in revenues from cellular services.

In Q2 2017, total revenues were NIS 805 million (USD 230 million), a decrease of 10% from NIS 897 million in Q2 2016.

Service revenues in Q2 2017 totaled NIS 646 million (USD 185 million), a decrease of 7% from NIS 692 million in Q2 2016.

Service revenues for the cellular segment in Q2 2017 totaled NIS 497 million (USD 142 million), a decrease of 6% from NIS 527 million in Q2 2016. The decrease was mainly the result of two factors, the continued price erosion of cellular services (both Post-Paid and Pre-Paid) due to the continued competitive market conditions and one-time revenue items in Q2 2016.

Service revenues for the fixed-line segment in Q2 2017 totaled NIS 192 million (USD 55 million), a decrease of 12% from NIS 219 million in Q2 2016. The decrease reflected the continuing decrease in revenues from international calls as well as other fixed line services.

Equipment revenues in Q2 2017 totaled NIS 159 million (USD 45 million), a decrease of 22% from NIS 205 million in Q2 2016, largely reflecting a decrease in the volume of equipment sales.

Gross profit from equipment sales in Q2 2017 was NIS 33 million (USD 9 million), compared with NIS 42 million in Q2 2016, a decrease of 21%, mainly reflecting the decrease in the volume of equipment sales.