Kcell – Among The Top 20 Largest Companies Of Kazakhstan
Kcell Joint Stock Company (hereinafter Kcell or the Company) (LSE, KASE: KCEL) confirmed its leading market position within RAEX Index (“Expert RA Kazakhstan”). Based on RAEX Agency evaluation Kcell was included into the list of 20 largest companies in the country and became leader among the best telecommunication companies in Kazakhstan in the annual rating of the largest companies of Kazakhstan.
As per the result of assessing activity of 200 leading Kazakhstani companies Kcell confirmed its positions and was listed among the top 20 largest companies of the country and top 10 most profitable enterprises in Kazakhstan this year. Companies’ place in “Expert-200-Kazakhstan” rating was defined based on volume of goods, works and services sold in 2014.
“200 Largest Companies of Kazakhstan” rating includes the enterprises which benchmarked favorable business environment in the country. “Sales of the 200 largest Kazakhstani companies increased by 5% and reached 24.4 billion tenge in 2014. Total sales volume of telecommunication companies increased by 3% last year and was equal to 357 999 million tenge,” RAEX* noted.
“It’s not the first time when Kcell Company demonstrates efficiency of its business model by getting into the rating of the best companies from various rating agencies,” Arti Ots, Kcell Chief Executive Officer said. “Obviously, acknowledgement of our company by independent research assessment “Expert RA Kazakhstan” is very important for us since it once again proved that everything we do for the good of our clients has positive effect on development of Kazakhstani telecommunication industry. In spite of all complexities of this and past year Kcell still remains a leader of Kazakhstani mobile communication market and we intend to keep these positions at the expense of constant focus on our clients, network quality and service.
For seven years RAEX Rating Agency (Expert RA Kazakhstan) has been presenting results of its Kazakhstan market specifics research, including annual ratings. Acknowledgement of assessment by the international independent group RAEX is ensured by maximum objectiveness and transparency of preparation and calculations, and consists of three stages, including survey and analysis of open financial reporting data.
* “Expert RA Kazakhstan” magazine (No45, November 2nd-15th, 2015).