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Wireless

Vimpelcom maintains outlook as Q2 revenues fall 11%

Wednesday 6 August 2014 | 09:11 CET | News
Vimpelcom reported second-quarter results lower, hurt by the difficult economic conditions in key markets such as Italy, Russia and Ukraine. Revenues fell 11 percent to USD 5.067 billion, and EBITDA was down 14 percent to USD 2.076 billion. On an organic basis, revenues fell 6 percent, with a 9 percent fall in Italy, Russia down 6 percent, Africa & Asia declining 4 percent and Ukraine 5 percent lower. Only the CIS region showed growth, with revenue up 4 percent year-on-year. Net profit plunged to USD 100 million from USD 573 million a year earlier, hurt by higher tax payments. Vimpelcom said

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Categories: Mobile & Wireless
Companies: Djezzy / Vimpelcom / Wind
Countries: Russian Federation / World
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