/KASE, November 15, 2024/ – Kcell JSC (Almaty), whose shares are officially
listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the
following press release:
quote
Joint Stock Company "Kcell" (hereinafter "Kcell", or the "Company") (KASE, KCEL)
is one of the largest mobile operators in the telecommunications market of
Kazakhstan, reports financial results for the 3rd quarter and 9 months of 2024.
The total revenue of the leading mobile operator Kcell in the 3rd quarter of
this year increased by 7.5% YoY and amounted to 60.4 billion tenge. This was
announced today during the traditional "Issuer Day" hosted by Kazakhstan Stock
Exchange, the company representatives reported. According to the presented
report, over 9 months, the operator demonstrated income growth.
In particular, over 9 months of this year, the company managed to increase its
revenue to more than 180 billion tenge, which is up 9% YoY. This indicates an
increase in the customer base, an increase in sales and successful marketing
strategies. The operator's service income increased by 6.4% and amounted to
149.4 billion tenge for 9 months of 2024, EBITDA amounted to 63.3 billion tenge,
and net profit was 8 billion. The company began a major investment cycle focused
on the construction and modernization of infrastructure, which serves as the
foundation for ensuring high-quality communications. This leads to an increase
in the cost of using the radio frequency spectrum and servicing an expanded
network of base stations.
unquote
The complete press release is available on –
https://kase.kz/files/emitters/KCEL/kcel_relizs_151124_1.pdf
[2024-11-15]