On the back of impairment charges totalling ILS311 million (USD83 million) Israeli operator Partner Communications has reported a more than 64% drop in net profit for its 2011 financial year. Partner noted that the impairment charges in part related to the acquisition of fixed line operator 012 Smile, which it completed in March 2011, and followed a ‘deterioration in market conditions and the annual impairment review of goodwill’.
Continued here:
OVETEL Impairment charges lead to slump in net profit for Partner in 2011
No comments:
Post a Comment