Bezeq The Israel Telecommunication Corporation Limited Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2018; Provides Earnings Guidance for the Year 2018; Reports Impairment Loss of Intangible Assets for the Third Quarter of 2018
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.