{"id":5587,"date":"2016-11-06T11:25:04","date_gmt":"2016-11-06T06:25:04","guid":{"rendered":"http:\/\/pakorbit.com\/?p=5587"},"modified":"2017-04-12T07:59:09","modified_gmt":"2017-04-12T02:59:09","slug":"mobilink-posts-solid-results-for-third-quarter","status":"publish","type":"post","link":"https:\/\/pakorbit.com\/2016\/11\/mobilink-posts-solid-results-for-third-quarter\/","title":{"rendered":"Mobilink Posts Solid Results for Third Quarter"},"content":{"rendered":"
Mobilink posted a strong positive growth of 17% on its YoY organic revenue for the quarter ended 30 September 2016 (Q3 2016) driven by growth in all revenue streams. For the same period, the company has reported PKR 38.5 billion post-merger consolidated revenue for both companies, up from PKR 25.9 billion as reported in Q3 2015.<\/p>\n
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Mobilink\u2019s ascent was driven by a data revenue growth of 71% YoY mainly due to successful data monetization initiatives, including attractive bundle offers and the unification of the tariff portfolio, together with continued 3G network expansion.<\/p>\n
Mobilink also witnessed a higher Mobile Financial Services (MFS) YoY revenue increase of 42% thanks to new over-the-counter (\u201cOTC\u201d) products and higher agent activity.<\/p>\n
\u201cWe are pleased to report third quarter results that reflect stronger customer demand and business performance,\u201d said Aamir Ibrahim, CEO \u2013 Mobilink and Warid. \u201cOur stand-alone revenues have shown an increase of 17% owing to the strength of Jazz services portfolio and our ever growing subscriber base.\u201d<\/p>\n