Partner ended the first quarter of 2022 with a net profit of NIS 39 million

Partner ended the first quarter of 2022 with a net profit of NIS 39 million - compared to a net profit of NIS 5 million in the corresponding period. Meanwhile, it was decided to appoint Avi Gabay, one of the company's controlling shareholders, to the position of CEO.
Total revenues in the first quarter of 2022 amounted to NIS 854 million, an increase of 3% compared to NIS 833 million in the first quarter of 2021. Revenues from services in the first quarter of this year amounted to NIS 690 million, an increase of 8% compared to NIS 639 million in the first quarter last year .
The company's revenues from services in the mobile sector in the first quarter of 2022 amounted to NIS 443 million, an increase of 7% compared to NIS 413 million in the first quarter of 2021. The increase is mainly due to higher revenues from roaming services abroad compared to the first quarter in 2021. Cellular, partially offset by continued price erosion, albeit at a relatively lower level in the past.
Revenue from landline services in the first quarter of 2022 amounted to NIS 280 million, an increase of 8% compared to NIS 260 million in the first quarter of 2021. The increase mainly reflects the increase in revenue from Internet and television services, which was partially offset by a decrease in call revenue. International.
Revenue from equipment in the first quarter of 2022 amounted to NIS 164 million, a decrease of 15% compared to NIS 194 million in the first quarter of 2021. The decrease is due to a reduction in sales of equipment to wholesale customers in the mobile sector, and a decrease in sales in the fixed line segment. 2021 Switch to the model of renting Internet routers to private customers instead of a sales model.