Kcell announces financial results for January–September 2021

29.10.21 11:15
/KASE, October 29, 2021/ – Kcell (Almaty), whose shares are officially listed on Kazakhstan Stock Exchange (KASE), has informed KASE about results of activities for January–September 2021: quote Kcell Joint-Stock Company (hereinafter "Kcell", or "Company") (KASE, AIX: KCEL), one of the leading operators in the telecommunications market of Kazakhstan, announces interim results for January-September 2021. Third quarter - Total revenue increased by 7.3% and amounted to KZT50,245 mln (46,828). Service revenue increased by 12.8% to KZT40,419 mln (35,841). - EBITDA, excluding non-recurring expenses, increased by 0.7% and amounted to KZT20,658 mln (20,509). EBITDA margin was 41.1% (43.8). - Operating profit, excluding non-recurring expenses, increased by 2.1% to KZT12,874 mln (12,611). - Net financing costs decreased by 35.3% and amounted to KZT1,526 mln (2,359). - Net profit increased by 2.2% and amounted to KZT9,326 mln (9,124). - The CAPEX to sales ratio was 13.4% (7.5). - Free cash flow more than doubled and amounted to KZT17,433 mln (8,141). Nine months - Net revenue increased by 11.9% and amounted to KZT140,408 mln (125,516). Service revenue increased by 11.1% to KZT114,541 mln (103,122). - EBITDA, excluding one-off expenses, increased by 12.5% ​​to KZT59,463 mln (52,878). EBITDA margin was 42.4% (42.1). - Operating profit, excluding non-recurring expenses, increased by 23.2% and amounted to KZT36,244 mln (29,418). - Net financing costs decreased by 20.4% and amounted to KZT5,709 mln (7,175). - Net profit increased by 41.3% and amounted to KZT24,953 mln (17,662). - The CAPEX to sales ratio was 8.1% (5.7). - Free cash flow increased by 70.5% and amounted to KZT39,047 mln (22,905). - The subscriber base amounted to 7,957 thousand users (8,040). unquote Full information is available on KASE website – https://kase.kz/files/emitters/KCEL/kcel_reliz_291021_1.pdf [2021-10-29]