| VimpelCom posts $283 mln US GAAP fourth quarter net profit |
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18/03/2010 17:31 (695 Day 16:59 minutes ago) | |||||
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The FINANCIAL -- Russian mobile operator VimpelCom announced on March 18 a US GAAP profit of $283 million for the fourth quarter of 2009 compared with a net loss of $816 million the previous year, according to RIA Novosti.
The company's revenues in the reporting period dropped 9.6% year-on-year to $2.31 billion while OIBDA (operating income before depreciation and amortization) was down 3.2% to $1.09 billion, the company said in a statement.
VimpelCom, which operates under the Beeline brand, is the second largest cell-phone operator in Russia, and also provides services in Kazakhstan, Ukraine , Uzbekistan, Tajikistan, Georgia and Armenia. In 2008, VimpelCom acquired licenses in Vietnam and Cambodia.
The operator covers a territory with a population of 340 million.
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