VimpelCom (VIP) Reports Q1 EPS of $0.11

VimpelCom (NASDAQ: VIP) reported Q1 EPS of $0.11, versus $0.02 reported last year. Revenue for the quarter came in at $3.52 million, versus $5.02 million reported last year.

Highlights:

• Total service revenue in 1Q15 declined organically by 2% YoY to USD 3.4 billion, in line with management expectations, mainly due to the delayed 3G launch in Algeria and continued market weakness in Italy, partly offset by good service revenue growth in Bangladesh and Ukraine.
• Total mobile customers increased 4.8 million YoY to 218.1 million by the end of 1Q15, with the largest contribution to that growth coming from Bangladesh and Algeria.
• EBITDA decreased organically 6% YoY to USD 1.4 billion reflecting the decline in revenue, higher network costs in Russia, externally influenced costs in Ukraine, and higher marketing costs in Algeria.

For earnings history and earnings-related data on VimpelCom (VIP) click here.

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