/KASE, March 15, 2024/ – Kcell JSC (Almaty), whose shares are officially listed
on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press
release dated March 15, 2024:
quote
Joint Stock Company "Kcell" (hereinafter "Kcell" or the "Company") (KASE, KCEL)
- one of the leading operators in the telecommunications market of Kazakhstan,
reports financial results for 2023.
The net profit of the country's largest mobile operator, Kcell, at the end of
last year amounted to about 33 billion tenge. The Company's Chairman of the
Board Askhat Uzbekov announced today during the traditional "Day of the Issuer"
held by the Kazakhstan Stock Exchange. Kcell demonstrated growth in almost all
key financial and economic indicators according to the consolidated statements
for 12 months of 2023 and the 4th quarter of the same year, which was reflected
in the growth of the Company's shareholder value.
The Head of the operator, Askhat Uzbekov, said at the "Issuer Day" that the
Company closed 2023 with rather optimistic indicators. In particular, Kcell's
total revenue for the 12 months of last year 227.5 bln. KZT, showing an
increase of 2.83% compared to the same period of 2022. At the same time,
service revenue increased by almost 10% to over 190 bln. KZT, EBITDA excluding
non-recurring costs grew by 4.6% to 95 bln. KZT and EBITDA margin was 41.8%. At
the same time, the Company made 33bln. KZT of net profit last year, which was
7.5 bln. KZT less than in 2022. Kcell attributes this to a significant increase
in capital expenditure on the development and modernisation of its network, as
well as huge investments in the deployment of fifth-generation communications
technology.
unquote
The complete press release is available on:
-
https://kase.kz/files/emitters/KCEL/kcel_relizs_150324.pdf – in Russian;
-
https://kase.kz/files/emitters/KCEL/kcel_relizs_150324_en.pdf – in English.
[2024-03-15]