News Column

Megafon Announces Financial Results For The First Quarter Of 2014

June 3, 2014



ENP Newswire - 03 June 2014

Release date- 29052014 - MOSCOW, Russia - Open Joint Stock Company 'MegaFon' ('MegaFon', or the 'Company') (LSE: MFON), a leading Russian universal telecommunications operator, announces its unaudited consolidated financial results1 for the first quarter ended 31 March 2014.

Key highlights of the First Quarter 20142

Consolidated revenue grew by 10.6% y-o-y3 to RUB 74,876 million

OIBDA increased by 0.4% y-o-y to RUB 32,503 million

OIBDA margin decreased to 43.4% versus 47.8% in Q1 2013

Net Profit decreased by 42.7% y-o-y to RUB 7,228 million

CAPEX increased by 104.4% y-o-y to RUB 8,353 million

Free Cash Flow amounted to RUB 13,552 million

Net Debt as of 31 March 2014 was RUB 91,356 million

The number of active mobile subscribers grew by 7.5% y-o-y to 69.7 million4 as of 31 March 2014

Download full press release in PDF

Operational and Financial Data Pack

Join audiocast

MegaFon will be hosting an analyst and investors conference call today with a simultaneous audiocast to discuss its Q1 2014 performance.

Time: 10.00 (New York time), 15.00 (London time), 18.00 (Moscow time)

Download presentation in PDF

Dial-in details:

Russia - Local Moscow

+8 499 272 4337

Russia Toll Free

+8 10 800 2490 2044

Standard International Access

+44 (0) 20 3003 2666

UK Toll Free

0 808 109 0700

USA Toll Free

+1 866 966 5335

Access Code:

4629551

Password:

MegaFon

For access to the live and on demand webcast from any IOS apple or Android mobile devices:

Replay facilities will be available for 7 days:

Russia - Local Moscow

+8 499 270 6352

Russia Toll Free

+8 10 800 2483 2044

Standard International Access

+44 (0) 20 8196 1998

UK Local

020 8196 1480

UK Toll Free

0800 633 8453

USA Toll Free

+1 866 583 1035

Access Pin

4629551

1 Based on interim IFRS financial statements reviewed by Ernst & Young LLC.

2 See Schedule 1 for definitions of the terms and Schedule 2 for the reconciliation of Non-IFRS measures.

3 Year over year ('y-o-y') stands for the same periods in the current and previous year on a quarterly basis.

4 Consolidated data includes subscribers of the Company and the subscribers of its subsidiaries in Russia and abroad: 'TT mobile' CJSC in the Republic of Tajikistan, 'AQUAFON-GSM' CJSC in the Republic of Abkhazia and 'OSTELEKOM' CJSC in the Republic of South Ossetia.


For more stories on investments and markets, please see HispanicBusiness' Finance Channel



Source: ENP Newswire


Story Tools






HispanicBusiness.com Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters