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Ukraine's mobile communications company Kyivstar reports 11% rise in revenue in Jan-Sept

Ukraine's mobile communications company Kyivstar reports 11% rise in revenue in Jan-SeptKyivstar mobile communications operators saw UAH 11.079 billion of total revenue in January-September 2016, while a year ago the indicator was UAH 10.003 billion.

The operator said in a press release on Monday that earnings before interest, taxes, depreciation and amortisation (EBITDA) over the period grew by 30%, to UAH 6.019 billion compared to UAH 4.625 billion a year ago. EBITDA margin rose by 8.1 percentage points, to 54.3% compared to 46.2% a year ago.

Capital investment over the period under review fell by 32%, to UAH 1.837 billion, and in Q3 2016 the figure grew by 11% year-over-year, to UAH 860 million.

In July-September 2016, total revenue rose by 9%, to UAH 3.922 billion thanks to the development of 3G network and growth in consumption of voice and Internet services.

"Ukrainians started talking more and using 3G services more - minutes of use (MoU) grew to 544 minutes in Q3 2016 and 3G traffic in our network to 9,111 terabytes," Kyivstar President Petro Chernyshev said.

Average revenue per user (ARPU) in Q3 2016 grew by 10%, to UAH 16, and the number of subscribers was up by 2%, to 26.3 million. The number of mobile Internet users fell by 9%, to 10.6 million.

The company said that in Q3 2016 it expanded the 3G coverage zone. Now, 52% of residents can have access to the 3G network.
Fix communications revenue grew by 10% over the period, to UAH 261 million.

EBITDA in Q3 2016 increased by 18%, to UAH 2.2 billion. EBITDA margin grew by 4.3 percentage points, to 55.3%.
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