Bezeq The Israeli Telecommunication Corp Ltd (OTCPK:BZQIF)
$ 1.084 0 (0%) Market Cap: 4.12 Bil Enterprise Value: 6.00 Bil PE Ratio: 13.33 PB Ratio: 6.43 GF Score: 75/100
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Q2 2023 Bezeq Israeli Telecommunication Corp Ltd Earnings Call Transcript

Aug 09, 2023 / 12:00PM GMT
Release Date Price: $1.3
Tobi Fischbein
Bezeq The Israel Telecommunication Corp. Ltd - Group CFO

After this introduction, I will continue the presentation of our group financial highlights, followed by Ran, who will discuss Bezeq fixed-line results; and Ilan, who will cover the results from telephone and yes. Gil?

Gil Sharon

Thank you, Tobi. Let's start on Slide #3. Our growth strategy, which we have been executing over the past 2 years has led us to the highest quarterly adjusted net profit since 2017 and the highest quarterly adjusted EBITDA since 2018. We're seeing continued group-level top-line growth. In this quarter, revenues grew 3.3%, driven by growth in Bezeq Fixed-Line and yes. We showed strong execution in our growth drivers with robust fiber take-up in Bezeq Fixed-Line and yes as well as consistent growth in 5G subscriber plans in Pelephone.

In accordance with our dividend policy, the Board of Directors recommended the distribution of a semiannual dividend of NIS 392 million or 60% of the net profit for the first half of 2023, reflecting an annual dividend yield of

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