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Telecom provider Vimpelcom’s revenues down 10% to $5 billion in 1Q

May 14, 2014, 10:01 UTC+3 MOSCOW
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MOSCOW, May 14. /ITAR-TASS/. Revenues of telecommunications provider Vimpelcom have gone down 10% from $5.6 billion to $5 billion in the first quarter of 2014, the company said in a report.

Organic decline has made 5% without due account of dynamics of foreign currency exchange rates and write-offs. The company’s earnings before interest, taxes, depreciation and amortization (EBITDA) went down organically 6% to $2.1 billion.

Net profit attributable to the company’s shareholders has dropped by 90% from $408 million to $39 million.

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