Bezeq The Israel Telecommunication Corporation Limited reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2018. For the quarter, revenues were ILS 2,301 million against ILS 2,415 million a year ago. Operating income was ILS 429 million against ILS 544 million a year ago. Profit before income tax was ILS 319 million against ILS 450 million a year ago. Profit for the period was ILS 234 million against ILS 322 million a year ago. Basic earnings per share were ILS 0.08 against ILS 0.12 a year ago. The decrease in net profit relative to the corresponding quarter was primarily due to the decrease in revenues, lower capital gains from the sale of real estate and a decrease in tax expenses.

For the nine months, revenues were ILS 6,995 million against ILS 7,331 million a year ago. Operating income was ILS 1,262 million against ILS 1,683 million a year ago. Profit before income tax was ILS 932 million against ILS 1,382 million a year ago. Profit for the period was ILS 689 million against ILS 1,030 million a year ago. Basic earnings per share were ILS 0.25 against ILS 0.37 a year ago.

For the year 2018, the company expects net profit attributable to shareholders of approximately ILS 1.0 billion.

For the quarter, the company reported impairment loss of intangible assets of ILS 10 billion.