Adjusted EBITDA(A) for the fourth quarter increased by 30% to NIS 61.3 million ($15.9) million compared with NIS 47.1 million in the fourth quarter of 2006 on a pro-forma basis. Adjusted EBITDA margin for the quarter was 23% compared with 17% in the fourth quarter of 2006 on a pro-forma basis.
Net income for the fourth quarter of 2007 was NIS 7.5 million ($1.9 million), or NIS 0.33 ($0.09) per share, compared to a net loss of NIS (12.1) million, or NIS (0.66) per share, recorded in the fourth quarter of 2006. On a pro-forma basis, the Company recorded a net loss of NIS (17.0) million, or NIS (0.77) per share, for the fourth quarter of 2006.
Broadband: fourth quarter revenues from core broadband activities were NIS 131.3 million ($34.1 million), an increase of 169% compared with NIS 48.9 million for the fourth quarter of 2006. On a pro-forma basis, this represented an increase of 14%.
The Company has ramped up the marketing of its domestic VOB-based telephony services, connecting new subscribers at a rate in line with a plan aimed at achieving 5% market share by the end of 2009. These efforts are benefiting from the number portability program launched by Israel's Ministry of Communications on December 2, 2007, an initiative designed to make it easier for customers to switch service providers.
The Company continues to build its reputation as one of the market's
most technologically advanced IT integrators. During the quarter, it won a
major contract to deploy an extensive Wi-Fi Internet Access system for Tel
Aviv's Sheba Medical Center, and after the quarter a major competitive
tender from Israel's Airport Authority to become its exclusive provider of
international telephony services. In addition, after the quarter th
|SOURCE 012 Smile.communications Ltd.|
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