In January-June 2024, the Kyivstar mobile operator (Kyiv) reduced its EBITDA (Earnings before Interest, Taxes, Depreciation, and Amortization) by 7.9%, or by UAH 0.794 billion, to UAH 9.212 billion compared to the same period last year.
This is stated in the company's financial report, the Ukrainian News agency reports.
In the first half of the year, the company's income decreased by 2.1%, or by UAH 0.362 billion, to UAH 16.594 billion.
The indicator of capital expenditures (CAPEX) increased by 53.9% to UAH 3.348 billion.
As the Ukrainian News agency earlier reported, in 2023 compared to 2022, Kyivstar increased EBITDA by 8.1%, or UAH 1.5 billion, to UAH 19.8 billion.
At the same time, in 2023, the company's income increased by 8% to UAH 33.6 billion.
Kyivstar lost UAH 3.6 billion of income due to the abolition of the planned tariff fee for its users after a hacker attack.
In October, a court seized all corporate rights in Ukraine that belonged to sanctioned russian oligarchs Mikhail Fridman, Petr Aven and Andrei Kosogov.
In particular, the court arrested 47.85% of shares of PrJSC Kyivstar and 19.8% of the authorized capital of the lifecell mobile operator.
Kyivstar is part of the Ukrainian business unit of the international communications operator Veon (formerly VimpelCom).
Who we are: About us, Contacts. How we write news and our principles: Editorial code. We did our best. If you found this valuable – please support us.
To request a correction, please send an email.