/KASE, May 31, 2024/ – Kazakhtelecom JSC (Astana), whose securities are
officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with
the following press release dated May 31, 2024:
quote
The country's largest telecom operator has disclosed financial statements for
the 1st quarter of this year. Despite large-scale capital expenditures in the
development and maintenance of its network infrastructure, the continued
deployment of the new generation 5G communication standard, tangible
investments in social support for its employees, large-scale support and
assistance to Kazakhstanis and their employees during floods, Kazakhtelecom
Group of Companies managed to achieve revenue growth by 6% in the first
quarter of this year and maintain a decent level of marginality.
Thus, according to the consolidated financial statements, the revenues of the
Group of Companies increased by more than KZT 177 billion, which is KZT 10
billion more than in the same period last year (KZT 167 billion at the end of
the 1st quarter of 2023). At the same time, the net profit of the telecom
operator amounted to KZT 25.6 billion. The net profit is influenced by the
implementation of a capital intensive 5G project with a deferred effect, an
increase in capital costs for the construction and modernization of the
network, as well as an increase in personnel costs, taking into account the
increase in the minimum wage and its annual indexation according to the norms
of the collective agreement with trade unions.
unquote
The complete press release is available on:
-
https://kase.kz/files/emitters/KZTK/kztk_relizs_310524_4.pdf – in Russian;
-
https://kase.kz/files/emitters/KZTK/kztk_dividends_310524_en.pdf – in
English.
[2024-05-31]