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Vip mobile sees 32% EBIT growth in Q1

Wednesday 29 April 2020 | 16:39 CET | News
Serbia operator Vip mobile reported 5.4 percent growth in revenues to EUR 68.6 million in Q1. Service revenue rose 10 percent to EUR 51.9 million, due to the growing contract customer base and higher ARPU (+6.8% to EUR 8.20). Together with flat costs, this resulted in EBITDA growth of 7.5 percent to EUR 20.4 million, while EBIT increased 31.9 percent to EUR 6.9 million. 

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Categories: Mobile & Wireless
Companies: VIP mobile
Countries: Serbia
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