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(From Israel Business Arena)
Byline: Guy Hadass
Finally, Bezeq (TASE:BZEQ) has had a good quarter, without any outstanding allowances or write-offs. In the first quarter of 2004, Bezeq did not have to make allowances for retiring employees or make write-offs on its purchase of Pele-Phone shares. This is a main reason why Bezeq managed to report a large net profit of NIS 168 million.
Bezeq reported NIS 2.01 billion in consolidated revenue, 1.5% more than in the corresponding quarter of last year and 2.2% more than in the preceding quarter. The company's revenue rose at a time when revenue from call-minutes on fixed-line calls fell 22%, compared with …