Jordan Telecom Group Financial Results for year 2009

Jordan Telecom Group Financial Results for year 2009

Stable financial performance and investment of more than 100 million JOD in the infrastructure & the 3G license.

Subscriber Base:

Variance (%)	Asof 31 Dec 2008	As of Dec 31 ,2009	K Subscribers
9.2%	2,521.1	2,751.9	Total

Jordan Telecom Group subscriber base reached (2.75) million subscribers as of year end 2009 compared to (2.52) million subscribers as of year end 2008 representing an increase of 9.2%. This increase came as a result of our competitive offers to the market and by providing the best quality of services to our customers.

Revenues:

Variance (%)	YTD 31 Dec 2008	YTD Dec 31 ,2009
(0.3%)	401.4 (MJD)	400.1 (MJD)

Consolidated revenues for the group posted a slight decrease of )0.3(% over the same period last year, presented below are the detailed revenues for each segment:

- Orange Fixed & Internet external revenues decreased slightly by )1.0(% as end of year 2009 to reach JD 219.1 million compared to JD 221.4 million over the same period last year.

- Orange Mobile external revenues reached JD 181.0 million as end of year 2009 representing 0.6% increase compared to JD 180.0 million over the same period last year.

Operating Expenses:

Variance (%)	YTD 31 Dec 2008	YTD Dec 31 ,2009
(1.2%)	222.9 (MJD)	(MJD)220.3

Jordan Telecom Group Operating expenses before Depreciation and Amortization witnessed a decrease of (1.2)% to reach JD 220.3 million as end of year 2009 against JD 222.9 million over the same period last year. This decrease is coming from lower interconnection costs.

Gross Operating Margin (EBITDA):

Variance (%)	YTD 31 Dec 2008	YTD Dec 31 ,2009
0.9%	179.0 (MJD)	180.7( MJD)

Earnings before Interest, Tax, Depreciation and Amortization for the group increased by 0.9%, to reach JD 180.7 million as end of year 2009, furthermore, the EBITDA margin for the Group increased to reach 45.2% as end of year 2009 from 44.6% for the same period last year.

Profit for the Period:

Variance (%)	YTD 31 Dec 2008	YTD Dec 31 ,2009
3.7%	100.3 ( MJD)	(MJD)104.0

Jordan Telecom Group managed to increase its net profit by 3.7% to reach JD 104.0 million as end of year 2009 compared to the same period last year.

Capital Expenditures (CAPEX):

CAPEX in infrastructure and the 3G License for Jordan telecom group reached 103.2MJD as end of year 2009 with an increase of 84.9% compared to 55.8MJD for the same period last year.