Kcell revenue decreased by 2.3 percentStaff writer ▼ | April 22, 2015
Kcell Joint Stock Company (Kcell), a provider of mobile telecommunications services in Kazakhstan, announces its interim results for January - March 2015. Revenue decreased by 2.3 percent to KZT 43,085 million (44,107).
Kcell Joint Stock Company Revenue decreased to KZT 43,085 million
Net finance cost increased to KZT 586 million (280). Net income decreased by 15.4 percent to KZT 13,234 million (15,635). Free cash flow decreased to KZT 3,189 million (17,985). During the quarter the subscriber base decreased by 363,000 to 10,829 thousand subscriptions. The definition of number of mobile prepaid subscriptions has been changed. Prepaid subscriptions are counted if the subscriber has been active during the last three months. Prior periods have been restated for comparability.
Revenue from voice services decreased by 15.1 percent to KZT 26,631 million (31,366). Voice traffic increased by 1.9 percent to 5,683 million minutes (5,576). However, growth in traffic was offset by a decrease in tariffs, which caused ARMU to decrease to KZT 3.5 (4.3).
Outgoing voice revenue decreased by 16.9 percent to KZT 19,920 million (23,963). Interconnect revenue decreased by 15.7 percent to KZT 5,033 million (5,969). The decrease was mainly driven by a reduction of mobile termination rate.
Data revenue increased by 15.1 percent to KZT 9,580 million (8,326). Data traffic increased by 63.3 percent to 10,579,282 GB (6,477,665). Growth in data traffic was partly offset by offering packages with lower tariffs per MB, which led to a decrease in average revenue per MB (ARMB) to KZT 0.9 (1.3).
Revenue from value-added services decreased by 17.1 percent to KZT 3,541 million (4,274), largely as a result of declining SMS and MMS revenue. Removing third party unlicensed content to comply with copyright policies was also a contributing factor. ■