VimpelCom has announced financial and operating results of the 4 quarter and audited results for 2008
Open Joint Stock Company "Vimpel-Communications" ( "VimpelCom") announced today its financial and operating results for the 4 quarter and 2008 year ended 31 December 2008.
Key financial and operating performance for 2008:
• Net operating revenue reached 10 117 million U.S. dollars, increasing by 41.1% compared to 2007.
• OIBDA reached 4 860 million U.S. dollars, an increase compared to 2007 to 35.1%.
• The consolidated OIBDA margin was 48.0%, including the OIBDA margin in Russia 48.9% and 51.4% in Kazakhstan.
• Net profit amounted to 524 million U.S. dollars, decreased by 64.2% compared to 2007, reflecting a strong negative impact of currency fluctuations and costs related to depreciation of assets.
• Operating cash flow for the year amounted to 3 422 million U.S. dollars.
Key financial and operating performance for the 4 quarter 2008:
• Net operating revenue reached 2 555 million U.S. dollars, increasing by 27.1% compared to the fourth quarter of 2007.
• OIBDA reached 1 124 million U.S. dollars, an increase compared to the fourth quarter of 2007 to 22.4%.
• The consolidated OIBDA margin was 44.0%, including a fixed business.
• Net losses amounted to 816 million U.S. dollars, reflecting losses from the devaluation of currencies in the amount of 1 012 million U.S. dollars and the depreciation of assets of $ 443 million U.S. dollars.
• The user base in the mobile segment grew by 3.3 million compared to third quarter of 2008 and reached 61 million.
Key financial and operating performance for 2008:
• Net operating revenue reached 10 117 million U.S. dollars, increasing by 41.1% compared to 2007.
• OIBDA reached 4 860 million U.S. dollars, an increase compared to 2007 to 35.1%.
• The consolidated OIBDA margin was 48.0%, including the OIBDA margin in Russia 48.9% and 51.4% in Kazakhstan.
• Net profit amounted to 524 million U.S. dollars, decreased by 64.2% compared to 2007, reflecting a strong negative impact of currency fluctuations and costs related to depreciation of assets.
• Operating cash flow for the year amounted to 3 422 million U.S. dollars.
Key financial and operating performance for the 4 quarter 2008:
• Net operating revenue reached 2 555 million U.S. dollars, increasing by 27.1% compared to the fourth quarter of 2007.
• OIBDA reached 1 124 million U.S. dollars, an increase compared to the fourth quarter of 2007 to 22.4%.
• The consolidated OIBDA margin was 44.0%, including a fixed business.
• Net losses amounted to 816 million U.S. dollars, reflecting losses from the devaluation of currencies in the amount of 1 012 million U.S. dollars and the depreciation of assets of $ 443 million U.S. dollars.
• The user base in the mobile segment grew by 3.3 million compared to third quarter of 2008 and reached 61 million.
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