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Beeline reports 9.6% rise in revenues in Q3 2023

According to the data, revenues over nine months of 2023 gained 4.6% annually and reached $2.5 bln

MOSCOW, November 20. /TASS/. Vimpelcom, representing the Beeline mobile communication brand, posted 77.5 bln rubles ($0.87 bln) in revenues under the International Financial Reporting Standards (IFRS) in the third quarter of 2023.

Revenues surged by 9.6% year on year in the reporting period, the mobile communications provider said.

Revenues over nine months of 2023 gained 4.6% annually and reached 221.6 bln rubles ($2.5 bln).

EBITDA edged up by 11.3% year on year to 33.7 bln rubles ($379.8 mln) in the third quarter of this year. The EBITDA margin was 43.5% in the reporting quarter.

Capital expenses of the mobile communications operator added 2% in annual terms to 13.2 bln rubles ($148.8 mln) in the third quarter of 2023.

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Internet & Telecom

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