B Communications Ltd Recommends Distribution of Cash Dividend Payable on October 26, 2015
Aug 31 15
In accordance with the Company's dividend policy, the Board of Directors of B Communications Ltd. recommended the distribution of a cash dividend to shareholders of ILS 933 million. The dividend represents 100% of net profits for the first half of 2015 in the amount of ILS 945 million, less a one-time profit of ILS 12 million from the increase to a controlling stake in yes. The profit from the increase to the controlling stake was excluded from the company's dividend policy pursuant to the board decision on February 10, 2015. The dividend distribution of approximately ILS 0.34 per share is subject to shareholder approval, and would be payable on October 26, 2015. The ex-dividend date is October 12, 2015.
B Communications Ltd Declares Cash Dividend, Payable on September 29, 2015; Reports Consolidated and Unconsolidated Financial Results for the Second Quarter and Consolidated Financial Results for the Six Months Ended June 30, 2015
Aug 31 15
On August 31, 2015, the board of directors of B Communications Ltd. declared a cash dividend of ILS 22 million ($6 million), or ILS 0.73 ($0.19) per share. The actual amount of dividends to be paid in US dollar will be converted from NIS based upon the representative rate of exchange published by the Bank of Israel on September 16, 2015. The dividend will be payable to all of the company’s shareholders of record at the end of the NASDAQ trading day on September 16, 2015. The payment date will be September 29, 2015.
The company also reported consolidated and unconsolidated financial results for the second quarter and consolidated financial results for the six months ended June 30, 2015. For the six months, on consolidated basis, the company reported revenues of ILS 4,777 million compared to ILS 4,561 million for the same period a year ago. Operating income was ILS 1,118 million compared to ILS 1,572 million last year. Income before income tax was ILS 828 million compared to ILS 1,003 million last year. Net income was ILS 572 million compared to ILS 609 million last year. Income attributable to owners of the company was ILS 69 million or ILS 2.27 per diluted share compared to loss attributable to owners of the company of ILS 96 million or ILS 3.30 per diluted share last year.
For the quarter, on consolidated basis, the company reported revenues of ILS 2,603 million compared to ILS 2,250 million for the same period a year ago. The increase was related to the first-time consolidation of Yes revenues in the second quarter of 2015 in the amount of ILS 439 million as well as an increase in the revenues of Bezeq Fixed-Line and Bezeq International. The increase was partially offset by lower revenues at Pelephone. Operating income was ILS 612 million compared to ILS 1,040 million last year. Income before income tax was ILS 403 million compared to ILS 914 million last year. Net income was ILS 266 million compared to ILS 572 million last year. Income attributable to owners of the company was ILS 21 million or ILS 0.70 per diluted share compared to ILS 107 million or ILS 3.52 per diluted share last year. EBITDA was ILS 1,245 million compared to ILS 1,553 million last year. Cash flow from operating activities was ILS 840 million compared to ILS 1,064 million last year. The decrease in cash flow from operating activities was primarily due to lower profitability at Pelephone and changes in working capital at Pelephone and Bezeq Fixed-Line. The decrease was partially offset by the consolidation of the ILS 106 million cash flow from operating activities of YES in the second quarter of 2015. Purchase of property, plant and equipment was ILS 363 million compared to ILS 281 million last year. Investment in intangible assets and deferred expenses was ILS 148 million compared to ILS 42 million last year. Free cash flow was ILS 413 million compared to ILS 787 million last year. The increase in investments was primarily due to the payment of ILS 96 million by Pelephone for the LTE 4G frequencies in a government tender as well as the first-time consolidation of investments by YES in the second quarter of 2015 in the amount of ILS 82 million. Net financial debt of the Bezeq Group amounted to ILS 9.54 billion as at June 30, 2015 compared with ILS 6.95 billion as of June 30, 2014. Unconsolidated net income attributable to shareholders for the second quarter of 2015 was ILS 21 million compared to ILS 107 million reported in the second quarter of 2014.
B Communications Ltd to Report Q2, 2015 Results on Aug 31, 2015
Aug 20 15
B Communications Ltd announced that they will report Q2, 2015 results on Aug 31, 2015