Almaty, 20 April 2018 - Kcell Joint Stock Company ('Kcell' or the 'Company') (LSE, KASE: KCEL),
the leading provider of mobile telecommunications services in Kazakhstan by market share in terms
of revenue and subscribers, announces its interim results for January - March 2018.

First quarter

  • Net sales increased by 2.1 percent to
    KZT 36,386 million (35,632). Service revenue down 1.6 percent to KZT 32,267 million (32,797).
  • EBITDA, excluding non-recurring items, increased by 1.5 percent to KZT 13,456 million (13,260). The EBITDA margin was stable at
    0 percent (37.2)
  • Operating income, excluding non-recurring items, down 5.0 percent to KZT 7,246 million (7,630).
  • Net finance cost and other financial items decreased to KZT 2,315 million (2,683).
  • Net income decreased by 5.0 percent to
    KZT 3,752 million (3,951).
  • CAPEX-to-sales ratio of 7.6 percent (16.6).
  • Free cash flow decreased to KZT 1,503 million (1,748).
  • During the quarter, the subscriber base remained stable at 9,958 thousand (9,979).

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Kcell JSC published this content on 20 April 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 20 April 2018 04:06:04 UTC