Kcell writes down inventories worth USD20 mln

/KASE, September 26, 14/ – Kcell JSC (Almaty), whose shares are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press-release: 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 that based on the results of the assessment of value of assets under construction and inventory performed by independent external advisor Kcell reports non-recurring costs of USD 20 million (net amount, including reserves) in the third quarter. The write-down has no cash impact. Contacts Investor Relations Irina Shol tel. +7 727 2582755, ext. 1205 Investor_relations@kcell.kz Media Natalya Eskova tel. +7 727 2582755, ext. 1902 Pressa@kcell.kz International media Instinctif Partners Tel: +44 207 457 2020 Leonid Fink, Tony Friend, Kay Larsen, Galyna Kulachek unquote [2014-09-26]