Jazz recorded decrease in revenues as it reported PKR 49.3 billion revenue during Q1 2020, 2.6% down from Rs. 50.5 billion it reported during the same period last year.
Company mentioned that decline in income is especially because of tax regime modifications in Pakistan; excluding these modifications progress would have been 12.8% YoY, the corporate has mentioned.
Despite a decline in revenue from mobile service (around 3% negative), data revenue increased 17% YoY as revenues from mobile data services reached PKR 15.9 billion during Jan – March 2020.
Jazz said that its data revenue growth was driven by an increase in 4G customer base which more than doubled, continuing the trend of data usage through higher bundle penetration and network expansion.
At the top of 1Q20, the inhabitants protection of Jazz’s information community was greater than 61%.
Company’s ARPU dropped from PKR 272.2 per person per 30 days to PKR 247.Three per person month an 12 months in the past throughout identical interval, indicating that clients are spending lesser on their communication wants, nevertheless, the cellular utilization for Jazz clients virtually doubled from 1669 MB per person per 30 days to 3027 MBs per person per 30 days.
Company said that as results of lock-downs in the country due to COVID-19 situation, all of Jazz owned experience centers and 37% of third-party stores were closed, negatively impacting both recharge and SIM sales.
