Kazakhstan No.1 mobile firm KCell H1 net profit eases 0.7 pct

Jul 17. Reuters

* KCell net profit down to $191 mln in Jan-June
* KCell to focus on cash generation, remain local market leader-CEO

Kazakhstan No.1 mobile firm KCell H1 net profit eases 0.7 pctKazakhstan’s largest mobile phone operator, KCell , said on Wednesday its net profit decreased by 0.7 percent year-on-year in the first half of 2013 to 29.2 billion tenge ($191 million).

Revenue rose by 4.1 percent to 89.3 billion tenge, boosted by growth in data services, KCell quoted its CEO Ali Agan as saying.

It was not immediately clear why net profit decreased in the first half of this year.

KCell, controlled by Swedish-based TeliaSonera, said its earnings before interest, tax, depreciation and amortisaion (EBITDA), excluding non-recurring items, rose 1.5 percent in the first half of 2013 to 42.9 billion tenge.

The company, which raised $525 million when it went public on the London Stock Exchange in December, raised its subscriber base to 14.1 million in January-June, Agan said.

Kazakhstan, which occupies a territory the size of Western Europe but is populated by just 17 million, is Central Asia’s largest economy and the second-largest post-Soviet oil producer after Russia.

($1 = 152.76 tenge)


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Kcell (Kazakhstan) announces 2013 operating results

July 17. KASE

JSC  “Kcell” (Almaty), whose shares are officially listed on  Kazakhstan Stock Exchange (KASE), has provided KASE with the following press-release of July 17, 2013:

Kcell Joint Stock Company (“Kcell” or the “Company”) (LSE, KASE: KCEL), the leading provider of mobile telecommunications services in Kazakhstan by market share in terms of revenue and subscribers, announces its results for the first half of 2013.

Second quarter

– Revenue increased 4.3 percent to KZT 46,271 million (44,383).

– EBITDA, excluding non-recurring items, rose 1.8 percent to KZT 25,508 million (25,064). EBITDA margin of 55.1 percent (56.5).

– Operating income, excluding non-recurring items, 0.9 percent higher at KZT 19,748 million (19,572).

– Net finance cost increased by KZT 577 million to KZT 537 million (40).

– Net income 3.4 percent lower at KZT 15,551 million (16,100).

– Free cash flow increased to KZT 26,581 million (10,216).

– During the quarter the subscriber base rose by 303,410 to 14.1 million.