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Vimpelcom net profit cut in half to $255M

Nov. 06, 2013 2:42 AM ETVEON Ltd. (VEON) StockVEONBy: Yigal Grayeff, SA News Editor2 Comments
  • Vimpelcom's (VIP) Q3 net profit slumped 53% to $255M and badly missed consensus of $504M, with earnings hurt by a tax expense, and regulatory and competitive pressures.
  • Revenue fell 1% to $5.7B.
  • EBITDA -2% to $2.5B, below consensus of $2.52B.
  • Total mobile subscriber base +5% on year to 219M.
  • The Russian carrier declared an interim dividend of $0.45 a share. (PR)

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