b communications ltd (BCOM) Key Developments
B Communications Ltd Approves Election of Shaul Elovitch as Director
Jun 18 15
The shareholders of B Communications Ltd. approved election of Shaul Elovitch as its directors at Annual General Meeting held on June 18, 2015.
B Communications Ltd, Board Meeting, May 21, 2015
May 21 15
B Communications Ltd, Board Meeting, May 21, 2015. Agenda: To declared a dividend of ILS 2.24 per share.
B Communications Ltd Declares Cash Dividend, Payable on June 16, 2015; Reports Consolidated and Unconsolidated Financial Results for the First Quarter Ended March 31, 2015
May 21 15
On May 21, 2015, B Communications Ltd. board of directors declared a cash dividend of ILS 67 million, or ILS 2.24 per share (approximately $17 million in the aggregate or $0.56 per share, based on the representative rate of exchange on March 31, 2015). The actual amount for dividends paid in USD will be converted from ILS based upon the representative rate of exchange published by the Bank of Israel on June 2, 2015. The dividend will be payable to all of the company’s shareholders of record at the end of the NASDAQ trading day on June 2, 2015. The payment date will be June 16, 2015.
The company reported consolidated and unconsolidated financial results for the first quarter ended March 31, 2015. For the quarter, the company reported revenues of ILS 1,668 million compared to ILS 1,779 million for the same period a year ago. Operating income was ILS 506 million compared to ILS 532 million last year. Income before income tax was ILS 425 million compared to ILS 168 million last year. Net income was ILS 306 million compared to ILS 37 million last year. Income attributable to owners of the company was ILS 48 million or ILS 1.57 per diluted share compared to loss of ILS 203 million or ILS 6.82 per basic and diluted share last year. EBITDA was ILS 953 million compared to ILS 1,002 million last year. Cash flow from operating activities was ILS 961 million compared to ILS 1,043 million last year. Purchase of property, plant and equipment was ILS 302 million compared to ILS 267 million last year. Free cash flow was ILS 606 million compared to ILS 757 million last year. The low net income in the first quarter of 2014 was a result of the non-cash, net expenses related to the revaluation of the CCS hedge transactions associated with the Senior Secured Notes, and the one-time expenses relating to the early repayment of the loans incurred to acquire the controlling interest in Bezeq and the early redemption of all outstanding Series A Debentures. For both the current and the prior-year periods, the company consolidated revenues consisted entirely of Bezeq's revenues.
For the quarter, on unconsolidated basis, the company reported net income attributable to shareholders of ILS 48 million compared to net loss of ILS 203 million last year.
B Communications Ltd Presents at Marcum Microcap Conference 2015, May-28-2015 03:00 PM
May 15 15
B Communications Ltd Presents at Marcum Microcap Conference 2015, May-28-2015 03:00 PM. Venue: Grand Hyatt New York, Park Avenue at Grand Central, New York, NY 10017, United States. Speakers: Doron Turgeman, Chief Executive Officer, Member of Disclosure Committee and Member of Investment Committee.
B Communications Ltd to Report Q1, 2015 Results on May 21, 2015
May 14 15
B Communications Ltd announced that they will report Q1, 2015 results on May 21, 2015