VivaCell-MTS net profit increases amid lower revenues in Q2

Thursday 20 August 2020 | 12:49 CET | News
Armenian operator VivaCell-MTS said revenues dropped by 14.3 percent year-on-year to AMD 11.8 billion in the second quarter, primarily driven by lower sales of goods due to retail closures amid the covid-19 pandemic, regulatory headwinds, and lower mobile service revenue, including from roaming and visitors. The company's OIBDA declined by 12.1 percent to AMD 6.0 billion, reflecting top-line dynamics. The OIBDA margin was 50.5  percent, up by 1.3 percentage points. The net profit meanwhile doubled to AMD 1.0 billion.  

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Categories: Mobile & Wireless
Companies: VivaCell-MTS
Countries: Armenia
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