Bezeq predicts no profit growth in 2013

Bezeq forecasts a net profit of NIS 1.7-1.8 billion in 2013, the same as its guidance for 2012.

5 February 13 10:17, Globes’ correspondent

Bezeq Israeli Telecommunication Co. Ltd. (TASE: BEZQ) today reaffirmed its full-year guidance of a net profit of NIS 1.75-1.85 billion in 2012 and predicts a net profit of NIS 1.7-1.8 billion in 2013.Bezeq added that it expects cash flow from operation of over NIS 2.7 billion in 2013, more than the guidance of NIS 2.5 billion in 2012. It predicts a drop in earnings before interest, taxes, depreciation and amortization (EBITDA) of NIS 4.25-4.35 billion from the 2012 guidance of NIS 4.4-4.5 billion.

Bezeq predicts NIS 10.2-10.5 billion revenue in 2012, but did not supply a revenue guidance for 2013.

Bezeq said that it will continue streamlining and that it will speed up deployment of its fiber optic network to the home (FTTB/H) during the year.

Published by Globes [online], Israel business news – www.globes-online.com – on February 5, 2013

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