Friday, 21 July 2017

Vimpelcom posts 2013 results

Vimpelcom
Thursday 06 March 14

VimpelCom Ltd, a leading global provider of telecommunications services, today announces financial and operating results for the quarter and financial year ended December 31…

VimpelCom Ltd, a leading global provider of telecommunications services, today announces financial and operating results for the quarter and financial year ended December 31, 2013.

JO LUNDER, CHIEF EXECUTIVE OFFICER, COMMENTS:
"The net loss in the fourth quarter, and for 2013, was due to non-cash impairment charges taken on our assets in Ukraine and Canada. The underlying performance in 2013 was stable, with a small increase in our Group EBITDA margin to 42.7%, highlighting our continuing focus on cost control and the benefits resulting from procurement savings. Operating cash flows of USD 5.4 billion for the year remained strong. We remain committed to executing on our Value Agenda with a focus on customer experience, cost control and capital efficiency.”


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