Date: 6 months ago   Category: IT & Media

The net profit of Veon in the III quarter has increased almost by 4,2 times — to $561 million — Rambler News Service


The net profit of Veon falling on shareholders following the results of the III quarter 2018 has increased by 4,18 times in comparison with an indicator for the same period of last year and has made $561 million, it is told in the reporting of telecommunication holding. In 2017 this indicator was $134 million. The revenue of the company for the reporting period has decreased by 5,7% in annual terms and has made $2,37 billion. The revenue of the Russian division of the company, VimpelCom operator, following the results of the III quarter has increased by 5,8% — to 76,75 billion rubles. Income from mobile services has increased by 0,5% and has made 59,47 billion rubles. Income from a fixed telephony was reduced by 13,6% — to 8,73 billion rubles. The indicator of EBITDA of the Russian company following the results of the III quarter has decreased by 3,1% — up to 27,37 billion rubles of Veon — the telecommunication holding rendering services in 18 countries of the world. In Russia works under a brand Beeline. The main owners VimpelCom are the Norwegian Telenor and LetterOne operating telecommunication division of Alfa Group of Mikhail Friedman.

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