27 May 2004 03:55
Vimpelcom Q1 net profit soars 84% to US GAAP (Part 2)
Net profit was $67.74 million in the fourth quarter of 2003.
Revenue in January-March 2004 increased 70.9% year-on-year to
MOSCOW. May 27 (Interfax) - One of Russia's leading telecommunications operators Vimpelcom saw its net profits
to US GAAP leap 83.9% year-on-year to $76.13 million in the first quarter of 2004, a company press release reports.
$417.7 million. Operating Income Before Depreciation and Amortization (OIBDA) grew 87.2% to $202.02 million.
Average monthly Revenue Per User (ARPU) dropped 20% to $10.8, compared with $13.5 in the first quarter of 2003.
Subscriber acquisition cost (SAC) was $16.8, against $20.8.
The company had over 13.37 million subscribers as of March 31.
Vimpelcom invested $157 million in the first quarter of 2004, which was spent on assets and equipment.
The company's results coincided with average forecasts with analysts expecting net profit of $74 million to $76
million and OIBDA of $204 million. [RU EUROPE EEU ASIA EMRG TEL RES CORA] cf me
[Interfax] |
RUSSIA IN FACTS
