The Palestine Telecommunications Company (Paltel) has reported that its full-year revenues for 2009 rose by just under 5.4% to US$444.4 million. Paltel has achieved a 6% growth in its operating profits reaching US$147.2 million compared with US$138.8 million in 2008. The Company's net profit reached US$99.21 million.
The subscribers' base of the Company grew by 30% to reach 2.26 million subscribers by the end of 2009 compared with 1.74 million at the end of 2008. The number of mobile subscribers reached 1.80 million by end of 2009, whereas, fixed line subscribers reached 370,638 and ADSL subscribers reached 92,482 by the end of 2009.
The company is distributing US$65 million to its shareholders as dividends.
The CEO of Paltel Group, Mr. Ammar Aker stated, "The Company has once more responded to demands by shareholders to distribute fair dividends. We are committed to our shareholders, our customers and our employees where we hope to continue to grow and improve our services focusing on core telecom services in an increasingly competitive but promising environment."
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