Vimpelcom posts Q3 record net income of USD 458 mln (Russia)Russian mobile operator Vimpel Communications (Vimpelcom) has reported record net operating revenue of USD 1.96 billion for Q3 2007, up 43.9 percent from Q3 2006 and up 13.9 percent from Q2 2007. OIBDA reached a record USD 1.01 billion for the quarter, up 41.4 percent year-on-year and up 13.2 percent quarter-on-quarter; with net profit up 70.7 percent year-on-year to a record USD 458 million. The consolidated figures cover its operations in Russia, Kazakhstan, Ukraine, Uzbekistan, Tajikistan, Georgia and Armenia. Vimpelcom registered a total of 50.69 million active mobile subscribers at end-Q3 2007, up 18.9 percent from 42.64 million a year earlier.
Its Russian operations had a total of 41.80 million active subscribers at end-September, up 7.8 percent from 38.79 million a year earlier. Its Russian business generated Q3 revenue of USD 1.65 billion, up 34.5 percent from USD 1.23 billion in Q3 2006; with net income of USD 422.58 million, up 50.1 percent from USD 279.96 million. ARPU in Russia was USD 13.40 in Q3 2007, up 26.4 percent from USD 10.60 in Q3 2006, with average minutes of use (MOU) up 37.5 percent year-on-year from 151.9 to 208.9 minutes. Churn rate in Russia was 10.1 percent, versus 9.9 percent in Q3 2006.
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