For the third consecutive year, Nedjma has been the largest investor in the telecommunications sector in Algeria. Indeed, the operator recently published the balance sheet for the 2012 year indicating an investment volume of $226.2 million during the year, compared with $174 million during 2011, a net increase of 30%.
As the leader of the industry, Ooredoo (formerly known as Qatar’s Qtel group), said, Nedjma is thus “the largest investor in the telecommunications sector in Algeria for the third consecutive year.” The new name of the group was officially announced at the International Barcelona Exhibition.
For more on Algeria’s telecom sector, see:
- Telecommunications Turnover of $5.5B in Algeria
- Algerie Telecom Satellite Extends Capacity
- Qtel Expands North Africa Telecom Services
According to the statement from Nedjma, its investments represent 11.3% of the Ooredoo group’s total investment, while it contributes 9.8% of the total number of the Group’s customers. Nedjma’s earnings before taxes represent 8.8% of the group’s and its income captures 10.3% of the total revenue of the Ooredoo group.
In 2012, Nedjma’s EBITDA amounted to $377.3 million, against $302.5 million in 2011, an increase of 25%. Income, meanwhile, reached $956 million in 2012, compared with $813.3 million in 2011, an increase of 18%.
Meanwhile, net profits of Nedjma amounted to $52.4 million in 2011 and to $98.7 million in 2012, an impressive increase of 88%.
The group had a successful year in a variety of ways. Through its investments, the leading Algerian mobile operator raised its market share to 32% in the fiscal year 2012. Its meteoric rise has been especially pronounced in the last two quarters of the year, as the number of subscribers rapidly increased from 8.86 million in the third quarter of 2012 to 9.06 million in the fourth quarter, i.e. 200,000 new subscribers just three months.