Israel’s Bezeq Telecom Q1 profit, revenue up By Reuters


© Reuters. FILE PHOTO: The logo of Bezeq Israeli Telecommunication Corp Ltd, the country’s largest telecom group, is seen outside their headquarters in Tel Aviv, Israel June 21, 2017. REUTERS/Amir Cohen/File Photo

JERUSALEM (Reuters) – Bezeq Israel Telecom reported a rise in net profit for the first quarter and higher revenue boosted by income from its mobile phone unit.

Bezeq, Israel’s largest telecoms group, said it earned 322 million shekels ($96 million) in the first quarter excluding one-time items, compared with 299 million shekels a year earlier. Revenue gained 1.5% to 2.26 billion shekels.

($1 = 3.3512 shekels)

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