Seeking Alpha

Vimpelcom (VIP): Q3 net profit nearly triples to $538M vs consensus of $521M. EBITDA -2% to...

Vimpelcom (VIP): Q3 net profit nearly triples to $538M vs consensus of $521M. EBITDA -2% to $2.53B for 44% profit margin vs forecasts of $2.51B and 43.7%. Consolidated revenue -6% to $5.75B, in line with forecasts, hurt by weakness in almost all its operating currencies against the dollar. Organic revenue growth, which excludes forex fluctuations, +3%; mobile subscribers +7% to 212M. (PR)

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