/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:

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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 ofthis 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 focusedon the construction and modernization of infrastructure, which serves as the foundation for ensuring high-quality communications. This leads to an increasein the cost of using the radio frequency spectrum and servicing an expandednetwork of base stations.

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The complete press release is available on – see more

[2024-11-15]