In January-September 2024, the Ukrtelecom telecommunications company reduced its income by 16% to UAH 3.6 billion compared to the same period last year.
The Ukrtelecom has said this in a statement, the Ukrainian News agency reports.
Also, in the first nine months of the year, the company increased its EBITDA (Earnings before Taxes, Interest, and Depreciation) by 37.1% to UAH 850 million.
Capital investments during this period amounted to over UAH 725 million.
During the first nine months of 2024, revenues from commercial real estate leases freed up due to network modernization increased by 35% compared to the previous year and amounted to over UAH 325 million.
Also, in January-September, about 5,500 kilometers of fiber-optic lines were built, and in general, the optical network of Ukrtelecom has about 90,000 kilometers.
“The total number of optical Internet users increased to 360,000 by the end of the 3rd quarter of this year. For 9 months of this year, compared to last year, the income from the provision of optical Internet services increased by 17.5%," the report said.
As the Ukrainian News agency earlier reported, in January-June 2024, Ukrtelecom reduced its income by 8% to UAH 2.3 billion compared to the same period last year.
In 2023, compared to 2022, Ukrtelecom reduced revenues by 10% to UAH 5 billion and EBITDA by 16% to UAH 1 billion.
JSC Ukrtelecom is one of the largest telecommunications companies in Ukraine.
The company is part of the SCM group of companies.
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