Vodafone Ukraine, the mobile communications operator, saw UAH 2.9 billion of revenue in January-March 2018, which is 2.1% more than a year ago.

According to a financial report of the operator published on Wednesday, net profit in Q1 2018 fell by 30.75%, to UAH 367 million.

Operating income before depreciation and amortization (OIBDA) grew by 17.6% year-over-year, to UAH 1.5 billion.

OIBDA margin reached 52.8%, a rise by 7 percentage points (p.p.) year-over-year.

Net profit in Q1 2018 totaled UAH 367 million, which is UAH 163 million less than a year ago. The main reasons for the reduction of profit were the increase in amortization expenses and devaluation of long-term assets in eastern Ukraine.

Subscribers' revenue in Q1 2018 grew mainly thanks to organic growth of revenue from data transfer. In the period, Vodafone Ukraine increased revenue from data transfer 1.5-fold.

The subscribers' base reached 20.7 million clients in Q1 2018. The number of data users grew by 1.2 million in a year.

Early 2018 Vodafone Ukraine significantly increased investment in infrastructure – UAH 1.2 billion in Q1 2018, including the cost of 4G licenses, investment in development of 3G and 4G networks.

Today high-speed 4G Internet is provided in 25 cities of Ukraine. Over 1 million clients of Vodafone Ukraine used 4G mobile Internet. 3G coverage is available for over 80% of residents of Ukraine in over 10,000 cities and towns.

Vodafone Ukraine is the second largest mobile communications operator in the country which serviced 20.8 million subscribers as of late 2017.