VIVA Financial Performance and Shareholders' Structure
Financial Results
Key Figures & Ratios
Subscribers (Mn)
FY-2017 (Restated)
FY-2018
Change
2.3
2.2
-5%
Revenue (KD Mn)
287.7
287.9
+0.1%
EBITDA
71.1
77.8
+9.5%
EBITDA Margin (%)
25%
27%
+2.3pt.
Net Profit (KD Mn)
42.8
50.4
+17.8%
Net Profit Margin (%)
15%
18%
3.Opt.
EPS (Fils)
86
101
+17.4%
Equity (KD Mn)
156.9
192.0
+22%
314
384
+22%
25
25 In 2018, the company has applied IFRS 15
"Revenue from Contracts with Customers
"and IFRS 9 "Financial Instruments" which
are effective from 1st January 2018 and
opted for full retrospective approach for
the 2017 numbers.
50
VIVA's revenue grew by 0.1% during the
year ended 31 Dec 2018 to reach KD 287.9
million as compared to KD 287.7 million
recorded during the year ended 31 Dec 2017.
VIVA's EBITDA increased by 9.5% to reach
KD 77.8 million during the year ended 31
Dec 2018 with an EBITDA Margin of 27% as
compared to KD 71.1 million and margin of
25% during the same period last year.
The net profit reached an historical level of
KD 50.4 million (EPS 101 fils) during FY
2018 as compared to KD 42.8 million (EPS
86 fils) in 2017, the increase in net profit
attribute to the increase in revenues and
also due to cost optimization initiatives.
Shareholders' equity base stood at KD 192
million at the end of Dec 2018 with a
growth rate of 22% compared to KD 157
million at the end of Dec 2017.
BVPS (Fils)
Subscribers (Mn)
Revenue (KD Mn)
Net Profit (KD Mn)
2.3
287.7
287.9
2.2
50.4
42.8
Dec-17
Dec-18
FY-2017
FY-2018
FY-2017
FY-2018
11
Investor Relations
50
75
100
VIVAView entire presentation