Telenor ASA — Earnings Release 2018

Jul 15, 2018

Grameenphone second quarter 2018 results

Grameenphone second quarter 2018 results

Telenor Group's subsidiary in Bangladesh, Grameenphone, has today announced its results for the second quarter 2018. Telenor's consolidated figures in NOK million for the second quarter 2018 are as follows:

Q218 Q217

Revenues 3,110 3,432

EBITDA before other items 1,883 2,102

EBITDA 1,888 2,100

Operating profit 1,340 1,475

CAPEX 436 343

CAPEX excl spectrum licences 427 343

Total revenues in local currency remained flat while subscription and traffic revenues increased by 3%. Adjusted for one-time items in second quarter last year, EBITDA increased by 5%.

During the quarter the number of subscriptions increased by 1.713 million to 69.170 million.

According to the new accounting standard IFRS 15, the figures in NOK million for the second quarter 2018 are as follows:

Q218

Revenues 3,110

EBITDA before other items 1,871

EBITDA 1,876

Operating profit 1,328