Veon moves to loss in Q1

Thursday 11 May 2017 | 08:45 CET | News
Veon reported a mixed first quarter when looking at underlying results, with revenues falling 1 percent and the adjusted EBITDA going 0.5 percent higher. On an organic basis, revenues slid to USD 2.28 billion due to weakness in Algeria, partially offset by strong growth in Pakistan, Ukraine and Uzbekistan. On a reported basis, they rose 13 percent on the back of positive currency effects and the Warid transaction. Adjusted EBITDA lifted almost 12 percent on a reported basis (+0.5% organic) to USD 891 million. The loss from continuing operations went to USD 11 million, from a reported profit

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Categories: General
Companies: Djezzy / Mobilink / Warid
Countries: World
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