Vodafone Ukraine sees net profit fall by 24.4%
KYIV. Nov 20 (Interfax-Ukraine) – Vodafone Ukraine in July-September 2018 received a net profit of UAH 393 million, which is 24.4% less than the figure for July-September 2017.
According to a press release from the Ukrainian operator, the reduction in net profit is due to the increase in depreciation costs due to the active deployment of 4G and 3G networks.
The company’s revenue for the third quarter increased by 6.5%, to UAH 3.3 billion.
Vodafone Ukraine said OIBDA in the third quarter of this year increased by 49.4% compared to the same period last year, to UAH 1.8 billion, and the OIBDA margin rose by 13.9 percentage points, to 54.9%.
The subscriber base of Vodafone Ukraine in the reporting period decreased by 4.3%, to 19.9 million subscribers.
The company added that at the end of September 2018, the number of 4G users increased by 75.3%, without specifying the absolute figure, while the 4G network covers almost 40% of the country’s population.
According to the press release, investment in the network infrastructure amounted to more than UAH 1 billion for the reporting period and UAH 20 billion since the start of construction of high-speed mobile Internet networks.
