Internet Gold Golden Lines Q3 Revenues Up 188%

Internet Gold Golden Lines, a communications company, has reported revenues of ILS299 million for the third quarter ended September, 30, 2007, an increase of 188% compared with ILS104 million in the third quarter of 2006.

Operating income for Q3 2007 was ILS30.9 million, an increase of 162% compared with ILS11.8 million for Q3 2006. Net income for Q3 2007 was ILS9.7 million, or ILS0.44 per share, an increase of 39% compared with ILS7 million, or ILS0.38 per share, for Q3 2006.

EBITDA for the quarter reached ILS62.9 million, a 29% increase compared with the adjusted pro-forma EBITDA of the third quarter of 2006.

Internet Gold’s revenues for the first nine months ended September 30, 2007 were ILS891.5 million, an increase of 205% compared with ILS292.6 million recorded in the comparable period in 2006. Operating income was ILS94.2 million, an increase of 185% compared with ILS33 million for the comparable period in 2006.

Net income for the first nine months was ILS50.6 million, or ILS2.41 per share, an increase of 149% compared with ILS20.3 million, or ILS1.1 per share, for the first nine months of 2006.

Eli Holtzman, CEO OF Internet Gold, said: “Our plan is to leverage our formidable strategic assets – our superb management team, proven brand-building and marketing expertise, operational excellence, financial engineering and capital strength – via new activities aimed at expanding our market share, consolidating domestic markets, and seeking out new, adjacent opportunities in Israel and abroad.”