Vimpelcom Ltd ups US GAAP net profits 14.1% in Q3
MOSCOW. Dec 2 (Interfax) - Vimpelcom Ltd saw net profits to US GAAP rise 14.1% year-on-year to $495.9 million in the third quarter of 2010, the company reported.
Sales revenues were up 24.1% at $2.824 billion and OIBDA increased 20% to almost $1.378 billion. The OIBDA margin was 48.8% this Q3 versus 50.5% last Q3.
The company's profits turned out to be lower than forecast by analysts surveyed by Interfax. They had predicted net profits of $507.8 million, sales revenues of $2.831 billion, OIBDA of $1.37 billion, and an OIBDA margin of 48.3%.