Vimpelcom keeps ahead of forecasts

29 Aug 2003

Russian mobile operator Vimpelcom has released its financial results for the second quarter of 2003, with revenues and profit margins beating analyst expectations. Total turnover reached USD304.4 million, ahead of the forecast USD290 million, EBITDA stood at USD140 million (USD126 million) and net income was USD52.6 million (USD49 million).