VimpelCom's 6-month revenue down 6.2% to RUB 132.971 billion

AK&M 06 August 2020 19:14

Revenue of VimpelCom (the Russia business division of VEON Ltd.) for the first half of 2020 decreased by 6.2% to RUB 132.971 billion from RUB 141.801 million, according to information from the company.

The service revenue in the mobile segment decreased by 7.1% to RUB 103.942 billion from RUB 111.926 billion, EBITDA by 14.6% to RUB 53.917 billion from RUB 63.106 billion. Revenue in the fixed-line segment increased by 8.9% to RUB 18.562 billion from RUB 17.046 billion.

Total revenue in the second quarter of 2020 amounted to RUB 65.5 billion decreasing by 9.7% year-on-year. The closure of borders with the aim of curbing the spread of coronavirus caused a collapse in revenue from international roaming services (almost -90% for the quarter) resulting, combined with a 8.4% subscriber base contraction, in a 9.8% slump in the mobile service revenue (RUB 51.4 billion), partly mitigated by an 8.9% increase in the fixed service revenue. As a result, the ARPU indicator in the reporting period decreased by 4.6% to reach 332 rubles.

PJSC Vimpel-Communications (VimpelCom, tax number: 7713076301) is a cellular operator operating in Russia and the CIS countries. The company provides services under the Beeline brand to over 63 million subscribers in Russia, Kazakhstan, Ukraine, Uzbekistan, Georgia, Armenia, Kyrgyzstan, and Laos. Since 2009, the company has been operating as part of the international group Veon Ltd.

VimpelCom's authorized capital is RUB 288,538. It consists of 51,281,022 common and 6,426,600 preferred shares with a face value of RUB 0.005.

IFRS revenue of VimpelCom for the first quarter of 2020 decreased by 2.6% to RUB 67.457 billion from RUB 69.247 billion a year earlier. Service revenue in the mobile segment decreased by 4.4% to RUB 52.5 billion. EBITDA decreased by 8.9% to RUB 28.18 billion from RUB 30.934 billion.