17 June 2004 04:13
UMC boosts net profit in Q1
KYIV. June 17 (Interfax-Ukraine) - Ukrainian Mobile Communications, a subsidiary of Russia's Mobile TeleSystems
(MTS), posted net profit to U.S. GAAP of $42.8 million in the first quarter of 2004, up 130% year- on-year.
Average monthly Revenue Per User (ARPU) dropped to $14 from $15.4
in the fourth quarter of 2003. "The drop is due to subscribers
transferring to advance payment tariff plans and to a reduction in
MTS said in a press release that UMC boosted sales revenue 80% to $154.8 million.
tariffs at the end of 2003," MTS said.
Average monthly traffic fell to 111 minutes from 114 minutes in the fourth quarter. Subscriber acquisition cost (SAC)
was $25 in the first quarter of 2004 and $26 in the fourth quarter of 2003.
UMC had 3.85 million subscribers in Ukraine as of March 31 2004, of which 81.2% used advance payment tariff plans.
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