By John Lee.
Mobile phone service Asiacell has reported strong growth in revenue and EBITDA.
In its financial results for the six-month period ended 30 June 2023, parent company Ooredoo said:
"Asiacell achieved very solid Revenue growth in H1 2023, with a YoY increase of 16%, reaching a total of QAR 2,024 million. This growth can be attributed to the increase in data revenue.
Increase in EBITDA of 23% YoY, benefitting from strong top line growth. Despite the higher leased line and energy costs, the operation delivered a strong EBITDA margin of 46% for H1.
The customer base of Asiacell experienced a notable YoY increase of 5% in H1 2023, reaching a total of 17.1 million customers. This growth is a result of the company's enhanced focus on
improving the customer experience and retention efforts. Asiacell launched various initiatives during H1 2023, including a new loyalty program and the introduction of eSIM."
(Source: Ooredoo)
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