Cellcom Israel (CEL) Posts Q1 EPS of $0.16

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Cellcom Israel Announces First Quarter 2016 Results

May 23, 2016 2:01 AM EDT

NETANYA, Israel, May 23, 2016 /PRNewswire/ --

First Quarter 2016 Highlights (compared to first quarter of 2015): 

Total Revenues totaled NIS 1,022 million ($271 million) compared to NIS 1,062 million ($282 million) in the first quarter last year, a decrease of 3.8% Service revenues totaled NIS 774 million ($206 million) compared to NIS 800 million ($212 million) in the first quarter last year, a decrease of 3.3% EBITDA1 totaled NIS 238 million ($63 million) compared to NIS 196 million ($52 million) and excluding a one-time expense NIS 226 million ($60 million) in the first quarter last year2, an increase of 21.4% and 5.3% respectively  EBITDA... More