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Stock impact report

VEON Reports Good Q2 2019 Results

VEON Ltd. - American Depositary Shares (VEON) 
US:NASDAQ Investor Relations: veon.com/investor-relations
Company Research Source: PR Newswire
AMSTERDAM, Aug. 1, 2019 /PRNewswire/ -- VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a leading global provider of connectivity and internet services, today announces financial and operating results for the quarter ended 30 June 2019.Q2 2019 RESULTS1Revenue tracking in line: total revenue increased by 7.5% organically2 year on year with service revenue increasing 5.0% organically2 to USD 2,080 million, driven by particularly strong performances in Ukraine and Pakistan Organic data revenue growth remains robust: the momentum in mobile data revenue continued in the period growing by 22.7% year on year organically2, with Ukraine (+77%), Pakistan (+59%) and Bangladesh (+28%) delivering strong performances on the back of ongoing 4G/LTE investments Reported revenue flat as currency headwind slows: the currency headwind in the period was limited to USD 179 million resulting in a decline in reported revenue of only 0.4% year on year. This compares to the 5.6% decline in the first quarte Show less Read more
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