Kcell announces January–September 2014 operating results

17.10.14 15:07
/KASE, October 17, 14/ – Kcell JSC (Almaty), whose shares are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press-release of October 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 unaudited interim results for January – September 2014. Third quarter - Revenue increased by 0.9 percent to KZT 49,165 million (48,749). - EBITDA, excluding non-recurring items, rose by 2.7 percent to KZT 27,624 million (26,892). - EBITDA margin of 56.2 percent (55.2). - Operating income, excluding non-recurring items, up 2.4 percent to KZT 21,551 million (21,045). - Net finance cost decreased to KZT 245 million (536). - Net income down 15.5 percent to KZT 13,457 million (15,921) due to write- down of assets under constructions and inventories. - Free cash flow decreased to KZT 17,887 million (23,363). - During the quarter the subscriber base rose by 181,000 to 13,064 million. unquote The full press-release is available on KASE website in Russian at http://www.kase.kz/files/emitters/KCEL/kcel_reliz_171014.pdf [2014-10-17]