In July-September 2022, the mobile operator Lifecell LLC (lifecell) increased its revenue by 9.8% – up to UAH 2 billion 370.9 million compared to UAH 2,159.2 million for the same period in 2021.
According to a statement on the website of its parent company Turkcell, the net profit of Lifecell LLC for the specified period amounted to UAH 381.6 million, which is 2.2 times more than in July-September 2020 (UAH 173.8 million). EBITDA increased by 15.8% to UAH 1 billion 417.6 million, the EBITDA margin was 59.8% (for the same period in 2021, this figure was 56.7%).
The active three-month subscriber base of lifecell in the third quarter decreased by 7.9% – to 8.2 million subscribers. At the same time, the total number of users grew by 2%, to 10.1 million subscribers.
The company’s active three-month ARPU in the third quarter of 2022 increased by 14.9% and amounted to UAH 95.4 compared to last year’s figure of UAH 83.
Lifecell’s capital investments in July-September 2022 decreased by 10.4% – to UAH 639.6 million compared to UAH 713.7 million for the same period in 2021.
According to the report, as of September 30, 2022, the network and other equipment of the company in the regions of Ukraine occupied by Russia due to hostilities and territories controlled by Ukraine, which has not been working for more than 92 days, is out of order. “As of September 30, 2022, the amount of impairment recognized in the condensed consolidated financial statements is TL 231,472 (UAH 458,000 – IF),” Turkcell said in a statement.
As reported, according to the results of 2021, lifecell received a net profit of UAH 610.9 million, which is 4.24 times less than in 2020, while the operator’s income in 2021 increased by 24.1% to UAH 8.483 billion . The total number of subscribers of the operator at the end of 2021 amounted to 10.1 million.
lifecell is the third largest mobile operator in Ukraine. Turkcell (Turkey) owns 100% shares of Lifecell LLC.
President of Ukraine Volodymyr Zelensky said that the issue of his participation in the G-20 summit in Indonesia would be resolved in a few days.
“My personal position and the position of Ukraine was that if the leader of the Russian Federation takes part in the summit, Ukraine will not,” he said at a press conference in Kyiv on Thursday after meeting with Greek President Katerina Sakellaropoulou.
“Let’s see how it will be in the future. Today I had a conversation with the President of Indonesia. We keep in touch. In any case, we were invited today. Let’s see. A few days left,” Zelensky said.
The G20 summit will be held in Indonesia on November 15-16.
Microsoft will provide Ukraine’s critical infrastructure and other state-important sectors with $100 million in technological assistance by the end of 2023, Microsoft Vice President Brad Smith said during a meeting with Deputy Prime Minister Mikhail Fedorov on Thursday.
“Thanks to technical assistance, government agencies, critical infrastructure and other sectors in Ukraine will continue to use digital infrastructure for free and work in the Microsoft cloud. The company will also help with the curation and implementation of Ukraine’s digital sectors, such as cyber, litigation, customs, medicine and education,” according to the message of the Ministry of Digital Development in the Telegram channel.
Fedorov noted that Microsoft was one of the first companies to suspend all new sales of products and services in Russia in early March.
“During this time, Ukraine has received more than $400 million in support. In addition to free services, Microsoft supports Ukraine in the field of cyber, donates humanitarian aid and cooperates with the Ukrainian government to document the war crimes of the Russian invaders,” the Deputy Prime Minister said.
The insurance company “Knyazha Vienna Insurance Group” (Kyiv) in January-September 2022 collected UAH 866.8 million of insurance payments, which is 10.62% more than in the same period a year earlier, according to the website of the Standard-Rating rating agency “, which confirmed the financial strength/credit rating of the company at the level of “uaAA +” for the first 9 months.
Receipts from individuals increased by 17.66% to UAH 638.029 million, and from reinsurers – by 55.13% to UAH 771 thousand. At the end of nine months of 2022, the share of individuals in the company’s gross premiums was 73.61%, and the share of reinsurers was 0.09%.
Insurance payments sent to reinsurers for 9 months of 2022 compared to the same period in 2021 increased by 39.28% to UAH 289.784 million. Thus, the coefficient of participation of reinsurance companies in insurance premiums increased by 6.88 percentage points. up to 33.43%.
Net premiums increased by 0.25% to UAH 576.970 million, while earned premiums increased by 13.50% to UAH 586.665 million.
The volume of insurance payments and indemnities for the nine months of 2022 compared to the same period in 2021 decreased by 3.46% to UAH 285.393 million. Thus, the level of payments decreased by 4.80 p.p. up to 32.93%.
The financial result from operating activities for the nine months of 2022 compared to the same period in 2021 increased by 81.15% and amounted to UAH 44.649 million, while net profit increased by 39.19% to UAH 68.087 million.
•The company’s assets as of September 30, 2022 increased by 18.40% to UAH 1.758 billion, equity increased by 17.53% to UAH 417.131 million, liabilities increased by 18.67% to UAH 1.341 billion, cash and equivalents increased 2.43 times to UAH 180.370 million.
At the same time, the RA notes that as of the reporting date, the insurer made financial investments in the amount of UAH 639.752 million, which consisted of government bonds (UAH 537.984 million), as well as deposits in banks with a high credit rating (UAH 101.768 million).
PJSC “IC “Kniazha Viena Insurance Group” is a part of the National Financial Group “Vienna Insurance Group Ukraine” (the main shareholder of which is Vienna Insurance Group AG Wiener Versicherung Gruppe (Austria). The group also includes PJSC “IC “Ukrainian Insurance Group” – 100% , PJSC “SK “Kniazha LIFE Vienna Insurance Group” – 97.8%, LLC “USG Consulting” – 50.7%, LLC “VIG Services of Ukraine” – 78.7%, LLC “Assistant Company” Ukrainian Help Service ” – 100%
At its meeting on November 2, the Swiss Federal Council adopted an action plan to mitigate the impact of the coming winter on the people of Ukraine. Switzerland is providing CHF 100 million in aid, in particular for projects financing the urgent rehabilitation of Ukraine’s energy infrastructure, the press service of the Council has reported.
“Around 18 million people in Ukraine – some 40 per cent of the population – are dependent on aid due to the war. With the onset of winter, this number may rise to 24 million. Over 30 per cent of Ukraine’s energy infrastructure has been damaged. The targeted attacks have left many places without access to drinking water, as well as disrupting power and telecommunications. Ukraine requires additional aid from the international community to deal with this emergency,” the Council said.
In this regard, the Federal Council adopted the Winter Aid Action Plan to support the people of Ukraine. In addition to its existing humanitarian undertaking in Ukraine and the region, including projects to support the urgent rehabilitation of energy infrastructure and alleviate the precarious humanitarian situation. Switzerland is helping Ukrainian energy companies purchase energy sources and spare parts, contributing to the repair of rail fastening systems (for the transport of heavy goods such as grain) and providing humanitarian support to help those worst affected by the war in Ukraine to prepare for winter (replacing windows, providing insulation and food, etc.). Efforts are also under way to determine if Switzerland can supply further relief goods such as generators, pumps or water treatment installations.
The Federal Council will submit a request to Parliament for a supplementary credit of CHF 76 million to cover these lines of action.
