Home Veon lowers FY profit forecast on strong devaluation of Uzbek currency
 

Keywords :   


Veon lowers FY profit forecast on strong devaluation of Uzbek currency

2017-09-15 16:05:00| Telecompaper Headlines

(Telecompaper) Veon expects annualised decreases in revenues of USD 300-350 million and in underlying EBITDA of USD 175-225 million. Based on 2016 total annual revenues of USD 9 billion and underlying EBITDA of USD 3.6 billion, the impact represents 3.5 percent of revenues and 5.5 percent of underlying EBITDA. The group's net debt/underlying EBITDA ratio is expected to immediately increase by 0.1x and net assets are expected to decrease by USD 485 million. 

Tags: strong profit currency forecast

Category:Telecommunications

Latest from this category

All news

»
23.11contactglove tundratracker
23.11
23.11RUSSELUNO
23.11C282 800yd IP54
23.11X-FLY4 27.5
23.118
23.11 (1~40)
23.1101DVDBOX
More »