lifecell Ups EBITDA By 14.3% To UAH 2.5 Billion, Ups Revenues By 13.2% To UAH 4.4 Billion In H1
In January-June 2022, the lifecell mobile communication operator (formerly Astelit) boosted its Earnings before Interest, Taxes, Depreciation, and Amortization (EBITDA) by 14.3%, or UAH 315 million, to UAH 2.523 billion compared to the same period last year.
Parent company Turkcell has said this in a statement, Ukrainian News Agency reports.
At the same time, for the specified period, the revenue of the company increased by 13.2%, or by UAH 517 million, to UAH 4.434 billion.
In the 1st half of the year, the company increased its net profit by 43.3%, or by UAH 25 million, to UAH 82.8 million.
During this period, the company's capital investments decreased by 12.2% to UAH 1,370.6 million.
In the 2nd quarter, compared to the 1st quarter, the number of subscribers of the company remained at the level of 10.2 million, and the active subscriber base at the level of 8.4 million subscribers.
The three-month Average Revenue Per User (ARPU) in the 2nd quarter compared to the 1st quarter decreased by 3.8% to UAH 69.2, and active 3-month ARPU increased by 1.1% to UAH 82.8.
The active 12-month MoU indicator (Minutes of Use) decreased by 14% to 160.7 minutes.
As Ukrainian News Agency earlier reported, in 2021, lifecell increased its EBITDA by 30.9%, or UAH 1.12 billion, to UAH 4.751 billion, while increasing its revenues by 24.1%, or by UAH 1.65 billion, to UAH 8.482 billion compared to 2020.
In 2021, the company reduced its profit 4.2 times, or by UAH 1.98 billion, to UAH 610.9 million compared to 2020.
The company Astelit (brand lifecell) after rebranding changed its legal name to Lifecell for the convenience of identifying the operator.
Lifecell is one of the three largest Ukrainian mobile operators under the lifecell trademark.
In 2015, Turkcell completed the buyout of 44.96% of shares in Euroasia Telecommunications Holding (Netherlands), which owned the mobile operator Astelit (brand lifecell), from System Capital Management.