Sudatel Group announces consolidated results for Third Quarter 2016
- Consolidated revenues for first 9 months of 2016 amount to US$ 364 Million up 11.4% compared to last year
- Q3 2016 Consolidated Customer base, Revenues, EBITDA and Net Income outperform previous quarter and same quarter of previous year
- Consolidated revenues for Q3 record 11% year-on-year growth amounting US$ 124.23 Million and consolidated EBITDA hits US$ 47.92 Million up 21%, compared to 2015
- Consolidated customer base increases 7% compared to 2015 reaching 11.9 Million
Sudatel, a leading telecom group operator in Sudan and West Africa, has announced its financial results for the third quarter of 2016, achieving a record US$ 364 Million consolidated revenues during the first nine months of 2016, up 11.4% compared to last year. The Group also achieved a consolidated revenue in Q3 worth US$ 124.23 Million up 11% compared to the same period last year, and consolidated EBITDA of US$ 47.92 Million up 21% compared to 2015.
Performance during the nine months’ period ending September 2016 has been consistent with the positive trend the company witnessed since the beginning of the financial year, outperforming both the previous quarter and the same quarter of the previous year. Sudatel customer base has also increased by a record 7% reaching over 11.9 million subscribers compared to the same period in 2015.
Commenting on the results, Chairman of the Board of Directors of Sudatel Group, Dr. Abdelrahman Dirar said: “We are very happy with the results achieved in the third quarter of 2016 and we are confident that the Group’s successful performance growth will continue to achieve solid financial gains for our shareholders and investors.”
Sudatel Group CEO, Tarig Hamza Zainelabdin noted, “Sudatel continues to witness strong growth across the markets in which it operates and we are confident that we will outperform our growth pace over the coming period. The company is constantly working on enhancing its services and performance in order to maximize on net revenues and profits for the company and its shareholders.”
The success in Sudatel’s Q3 results is attributed to the many successes its subsidiaries has accomplished across Africa.
Sudani added 126 new sites compared with 20 sites 2015 and achieved double digit increase in revenues in USD (18%). Mobile data revenues also increased by 40% whereby corporate sales increased revenues by 60%. Sudani also launched Mobile Money (Gorooshi), a new first in Sudan.
Espresso Senegal expanded its retail outreach adding new franchise and e-Shop channels. The company also introduced new product and services that caters to the entire spectrum of the market while focusing on customer value development where its smart pricing and data adoption resulted in strong revenue growth.
Chinguitel Mauritania increased its network coverage by adding 88 GSM sites & 80 3G sites which helped expand its network by 1.5 million subscribers (1 M GSM / 0.5 M CDMA). The company also modernized the network in Nouakchott city and added new VAS Platforms helping increase the customer base by 127,000 subscribers.
Intercel Guinea has significantly worked on enhancing its operation by increasing network availability from 10% to almost 80%. The company has also rolled out a number of new offers and revised its tariffs while continuously working on enhancing and revamping all its operational processes to ensure offering an exceptional service to its customers.