/KASE, November 23, 2022/ – Kazakhtelecom JSC (Astana), whose securities
are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE
with the following press release dated November 23, 2022:
Kazakhtelecom JSC net profit for the first 9 months of this year exceeded KZT 88
billion, having increased by 2.4% compared to the same period last year.
Whereas, according to the previously published consolidated statements, in the
first half of 2022, the telecom operator showed a decrease in net profit by 13%
to KZT 50.5 billion, which was due to increase in costs aimed at support and
improvement of financial wellbeing of employees. Moreover, in the first quarter
of the year during tragic January events the company took unprecedented
measures supporting its subscribers. However, in the 3rd quarter, the company
managed to completely neutralize these negative deviations.
Meanwhile in early September, as part of the support measures package, the
country’s largest telecom operator exempted residents and entrepreneurs of the
Auliekolsky district of Kostanay region affected by large-scale forest fires
from subscription fees until the end of this year. In addition, the debts and
penalties of the people and businesses were written off. Despite the decline of
financial indicators after implementation of all the social initiatives both in
the first quarter and in the autumn the company managed to achieve and improve
the net profit result for the same period of 2021.
The complete press release is available on:
– in Russian;
– in English.