11:43 20.05.2016

Vodafone Ukraine sees 5% revenue rise in Q1 2016

1 min read

Vodafone Ukraine (PrJSC MTS Ukraine) in January through March 2016 saw UAH 2.761 billion in revenue and this was 5% up year-over-year.

The operator said in a financial report that net profit in Q1 2016 decreased by 75%, to UAH 275 million.

Operating income before depreciation and amortization (OIBDA) decreased by 35%, to UAH 803 million.

Capital investment dropped by some 83%, to UAH 543 million.

The company’s press release reported, citing Director General Olha Usynova, the data traffic in the Vodafone Ukraine network in Q1 2016 increased by 64% compared to the previous quarter.

"We have not only the subscribers' base expanding, but also data transfer services. A year ago we said that mobile Internet consumption in Ukraine is irregular. Today we see that our subscribers get used to mobile Internet," she said.

The company said that its subscribers' base expanded by 2.2% in Q1 2016 compared to Q4 2015 (452,000 clients).

As of late Q1 2016 20.7 million clients used Vodafone communications services.

MTS Ukraine started operating under the Vodafone brand in autumn 2015.

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