← News Wed May 28, 2014 - 3:05 pm - 0 comments

LIME Jamaica subscribers hit 700,000

Lime

LIME says it added 165,000 new mobile subscribers to its network over the 12 months to March 2014.

The additional accounts represented a 31 per cent rise in Jamaican subscribers to 705,000, according to the telecommunications company’s latest financials.

Consequently, mobile service revenue grew by 28 per cent over the previous financial year. Operating profit before exceptional item was $766 million during the three months ended March 31, 2014, or 84 per cent more than the $417 million posted in the comparative period last year.

“Our results for the year ended March 31, confirmed the positive momentum that we reported in previous quarters,” said Garfield Sinclair, CEO of the company. At the same time, operating profit before interest, tax, depreciation and amortisation (EBIDTA) increased 43 per cent year over year.

Published in the Jamaica Observer
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