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Vimpelcom revenues fall 21% in Q4 on stronger dollar

Wednesday 25 February 2015 | 08:49 CET | News
Mobile operator Vimpelcom reported fourth-quarter revenues down 21 percent year-on-year to USD 4.39 billion, hurt by the weaker ruble in its home market Russia and other negative forex effects. EBITDA was still up 58 percent USD 1.60 billion, due to a one-time charge in the year-earlier quarter for a fine in Algeria. The company's net loss narrowed to USD 935 million from USD 3.86 billion, after fewer impairment charges. Vimpelcom wrote down the value of operations in Ukraine, Laos and Pakistan for USD 1.1 billion, mainly due to weak macroeconomic conditions. Excluding exchange rate effects,

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Categories: Mobile & Wireless
Companies: Vimpelcom
Countries: World
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