Results for January – March 2016

 

Almaty, 20 April 2016 - 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 interim results for January – March 2016.

First quarter

– Net sales decreased by 17.7 percent to KZT 35,470 million (43,085). Service revenue down 15.7 percent to KZT 33,514 million (39,756).

– EBITDA, excluding non-recurring items, decreased by 36.6 percent to KZT 14,928 million (23,554). The EBITDA margin was at 42.1 percent (54.7).

– Operating income, excluding non-recurring items, down 46.0 percent to KZT 9,415 million (17,438).

– Net finance cost increased to KZT 750 million (323).

– Net income decreased by 49.9 percent to KZT 6,625 million (13,234).

– Free cash flow changed to KZT -13,494 million (3,189).

– CAPEX-to-sales ratio was 82.2 percent (4.9). CAPEX-to-sales ratio, excluding KZT 26 billion for new frequencies, was 8.9 percent (4.9).

– During the quarter, the subscriber base decreased by 502 thousand to 9,855 thousand (10,357).

Details by link.