Kcell announces January–June 2014 operating results

17.07.14 12:52
/KASE, July 17, 14/ – Kcell JSC (Almaty), whose bonds are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press-release of July 17, 2014: quote Kcell Joint Stock Company (“Kcell” or the "Company") (LSE, KASE: KCEL), the leading provider of mobile telecommunications services in Kazakhstan by market share in terms of revenue and subscribers, announces its interim results for January – June 2014. CONTINUED IMPROVED DEVELOPMENT WITH INCREASED RESULTS Second quarter - Revenue increased by 3.8 percent to KZT 48,035 million (46,271). - EBITDA, excluding non-recurring items, rose by 8.0 percent to KZT 27,536 million (25,508). EBITDA margin increased to 57.3 percent (55.1). - Operating income, excluding non-recurring items, grew by 7.5 percent to KZT 21,238 million (19,748). - Net finance cost decreased to KZT 219 million (537). - Net income 6.2 percent higher at KZT 16,512 million (15,551). - Free cash flow decreased to KZT 16,213 million (26,581). - Net addition during the quarter is 154,000 subscriptions. The number of subscriptions decreased by 608,000 during the quarter, due to clean-up of 762,000 subscriptions, no effect on market share. unquote The full press-release is available on KASE website at: - http://www.kase.kz/files/emitters/KCEL/kcel_reliz_170714.pdf – in Russian; - http://www.kase.kz/files/emitters/KCEL/kcel_reliz_170714_en.pdf – in English. [2014-07-17]