26 November 2003 15:07
RUSSIA: VIMPELCOM REPORTS RISING PROFIT
Cellular operator VimpelCom announced its third-quarter financial results in a 20 November press release. Revenues
for the quarter rose 71.4 percent year on year to $379 million, and net profit jumped 78.3 percent to $72.2 million. The
company noted that its subscriber base increased by 130 percent over the past year to reach 9.26 million on 30
September. Analysts welcomed the results. Aton senior analyst Nadezhda Golubeva told "Vedomosti" on 21
November: "It's nice to see that VimpelCom's results didn't disappoint even though the forecasts
were quite aggressive. But the company's profitability turned out to be even higher than the market expected."
DK Copyright (c) 2003. RFE/RL, Inc. Reprinted with the permission of Radio Free Europe/Radio Liberty
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