In the first nine months of 2023, the lifecell mobile operator (formerly Astelit) increased its Earnings before Interest, Taxes, Depreciation, and Amortization (EBITDA) by 26%, or UAH 1,028 million, to UAH 4.969 billion year over year.
The company has said this in a statement, Ukrainian News Agency reports.
At the same time, for the specified period, revenues increased by 26% or UAH 1,767 million to UAH 8.872 billion.
In January-September 2023, the company increased its net profit three times or by UAH 1,119 million to UAH 1.683 million.
During this period, the company's capital investments increased by 51% to UAH 3.04 billion.
In the 3rd quarter of 2023, EBITDA increased by 16.3% compared to the same period last year to UAH 1,649 million, revenues - by 25.7% to UAH 2,981 million, net profit - by 46% to UAH 555 million.
In Q3 compared to Q2, the number of subscribers of the company increased by 2.7% to 11.4 million, and the active subscriber base increased by 5.8% to 9.1 million subscribers.
The three-month Average Revenue Per User (ARPU) decreased by 0.5% to UAH 87.7 in Q3, 2023 compared to Q2, 2023, and an active 3-month ARPU increased by 0.9% to UAH 113.7.
The active 12-month MoU indicator (Minutes of Use) decreased by 3.4% to 123.7 minutes.
As Ukrainian News Agency earlier reported, lifecell states that sanctioned russian oligarchs Mikhail Fridman, Petr Aven and Andrei Kosogov have no control or influence over the company and its owner, Turkcell (Turkey).
In 2022, compared to 2021, lifecell increased net profit by 59.2% to UAH 972 million.
The company also increased EBITDA by 14.6% to UAH 5.4 billion and revenue by 11% to UAH 9.4 billion.
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.
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