Veon posts 13.9% jump in Q2 core profit on customer gains (updated)

VEON

08/08/2024 06:29

(Adds details from statement, CEO quote, context)
       Aug 8 (Reuters) - Dutch telecom group Veon  VON.AS ,
owner of Ukraine's biggest mobile operator Kyivstar, on Thursday
posted higher second quarter core earnings, thanks to strong
customer gains across its services.
    Core profit (EBITDA) rose 13.9% on a local currency basis to
$459 million, the company said.
    "Robust organic performance across our markets is driven by
10 million additional 4G customers, 111 million digital service
users, showcasing our capability to build new businesses in
financial, entertainment, healthcare, education, and enterprise
services," CEO Kaan Terzioğlu said in a statement.
     Since Veon's exit from its main market Russia last year, it
has been focused on expanding its telecommunications services in
countries where it is still present, including Ukraine, Pakistan
and Bangladesh.
    Last week, the company said it intended to de-list from
Euronext Amsterdam, with its shares being solely traded on
Nasdaq. Veon will keep its headquarters in Amsterdam.
    The group on Thursday also confirmed its 2024 sales and core
profit forecasts.

 (Reporting by Olivier Sorgho and Gianluca Lo Nostro in Gdansk;
editing by Milla Nissi)
 ((Olivier.Sorgho@thomsonreuters.com;))