VimpelComТs owner VEON revenue falls 0.4% to $2.3 bln in AprЦJun - Telecommunications - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

VimpelComТs owner VEON revenue falls 0.4% to $2.3 bln in AprЦJun

MOSCOW, Aug 1 (PRIME) -- Total revenue of Amsterdam-based VEON, the sole owner of Russian mobile operator VimpelCom, decreased 0.4% on the year to U.S. $2.261 billion in AprilЦJune, as calculated under International Financial Reporting Standards (IFRS), VEON reported on Thursday in a statement.

The company posted a net profit of $75 million against a net loss of $144 million in the same period a year ago. Earnings before interest, taxes, depreciation and amortization (EBITDA) grew 16.1% to $994 million.

In 2019, VEON expects organic revenue rise of 1Ц3%, EBITDA of 1Ц6% and free cash flow at about $1 billion, in line with the 2018 figure.

For further details, see the companyТs statement on its official website:

https://www.veon.com/media/2356/veon-2q19-results.pdf

End

01.08.2019 08:25
 
 
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