Sudatel group announces 2015 H1 financial results with revenues of US$ 220M

• Group Consolidated EBITDA at US$ 75M with 5% increase YOY
• Net Income Reaches US$ 25M with Earnings Per Share US$ 0.019

Dubai, 30 August 2015 - Sudatel, a leading telecom group operator in Sudan and West Africa, announces its consolidated financial results for the first half of 2015. For the first six months of 2015, Sudatel Group generated consolidated revenues of US$ 220 million, which are the same Y-o-Y revenues in local currencies (down 6% Y-o-Y in US$).

The Group’s consolidated EBITDA for the period stood at USD 75 million, an increase of 5% Y-o-Y in local currencies versus the same period last year. EBITDA margin has risen by 2% reaching 34% at the end of the period. Consolidated Net Income reached US$ 25 million, down 11% Y-o-Y in US$ terms. The earnings per share for this period is US$ 0.019.

Commenting on the results, Chairman of the Board of Directors of Sudatel Group, Dr Abdelrahman Dirar said: “We are quite happy with the results achieved in the first half of 2015 and we are confident that the coming six months will witness further growth. The company will continue to exert great efforts to secure the capital resources needed to modernize its networks and proceed with its expansion plan to benefit more from these high potential markets.”

Sudatel Group CEO, Tarig Hamza Zainelabdin noted, “Sudatel has been driving transformation over the past year and continues to operate in strong markets where we are confident that the company will continue to grow over the coming years.”

“We are already witnessing healthy growth in our two largest markets Sudan and Senegal.  Equally Mauritania is maintaining steady performance and is on a steady path of growth. Guinea Conakry has declined but we expect this to change following the network modernization and expansion now underway. Sudatel is also continuing its divestment initiative of the Ghana operation," added Zainelabdin.

With its diverse portfolio of subsidiaries ranging from Data Centres to Submarine Cable companies to Local Telecom Operators in Sudan and four West African Markets, including Mauritania, Senegal, Ghana and Guinea Conakry, Sudatel seems destined for a bright future. Sudatel has also recently elected a new board during this year’s assembly for a period of three years.