Cellcom Israel Announces Fourth Quarter and Full Year 2019 Results
CELLCOM ISRAEL (CEL)
US:NYSE Investor Relations:
investors.cellcom.co.il
Company Research
Source: PR Newswire
NETANYA, Israel, March 23, 2020 /PRNewswire/ -- 2019 Full Year Highlights (compared to 2018): Total Revenues totaled NIS 3,708 million ($1,073 million) compared to NIS 3,688 million ($1,067 million) last year, an increase of 0.5% Service revenues totaled NIS 2,776 million ($803 million) compared to NIS 2,784 million ($806 million) last year, a decrease of 0.3% Operating income totaled NIS 24 million ($7 million) compared to NIS 101 million ($29 million) last year, a decrease of 76.2% Loss totaled NIS 107 million ($31 million) compared to a loss of NIS 64 million ($18 million) an increase of 67.2% Adjusted EBITDA1 totaled NIS 940 million ($272 million) compared to NIS 687 million ($199 million) last year, an increase of 36.8% Net cash from operating activities totaled NIS 1,036 million ($299 million) compared to NIS 770 million ($223 million) last year, an increase of 34.5% Free cash flow1 totaled NIS 391 million ($113 million) compared to NIS 181 million ($52 million) last year, an in
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