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Partner Communications Reports 17% Net Profit Growth Despite Revenue Decline

How 2 Israeli newsrooms covered this story — translated into English and compared side by side.

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First reported by Calcalist · 1 hour ago

What happened

Partner Communications reported a 17% rise in net profit to 84 million shekels in Q2 despite a 1.5% revenue drop to 790 million shekels. Subscriber numbers increased across cellular, internet, and TV services. The company seeks court approval for a 500 million shekel special dividend, facing opposition from bondholders.

01Partner’s Q2 net profit rose 16.7% to 84 million shekels despite a 1.5% revenue decline.
02Operating profit increased 17.5% to 121 million shekels; adjusted EBITDA grew 3.6% to 314 million shekels.
03Cellular subscribers exceeded 2.7 million, with over one million 5G users for the first time.
04Internet subscribers reached 500,000; TV subscribers grew to 212,000 in Q2.
05Partner requested court approval for a 500 million shekel special dividend funded by new debt, opposed by bondholders.
06The court will decide on the dividend; controlling shareholder Ampisa would receive about 106 million shekels if approved.

Summary translated & synthesized from the sources below by baba. Read each original for the full report.

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