Milicom has posted its financial results for the fourth quarter of 2012. The company has registered a decline in its net profit for the period under consideration, from $188 million in the fourth quarter of 2011 to $ 155 million for the corresponding period this year. The operator?s net profit has been impacted by high acquisition and investment costs.
The company?s earnings before interest, taxes, depreciation, and amortisation declined from $528 million in the fourth quarter of 2011 to $536 million in the fourth quarter of 2012. It registered an increase in its revenue from $536 million in the fourth quarter of 2011 to the corresponding period this year on account of the acquisition of Cablevision in Paraguay. For the period under review, the operator?s revenue increased by 6.4 per cent year-on-year, excluding currency effects and Cablevision.
The operator?s capex increased from $825 million in 2011 to $922 million in the period under consideration. In 2013, the company will focus on increasing its revenue from mobile data, m-payment services and its cable operations.
