Vympelkom’s revenues go down

The net profit of OAO Vympelkom (the owner of one of Russia’s Big Three mobile operators) amounted to $283m in the fourth quarter of 2009 (if calculated in accordance with the US GAAP). However, a year earlier the company had $816m worth of net loss, the organization reports.

Nevertheless, Vympelkom’s profit in the last quarter of 2009 was 34.6% lower than that in the third quarter of 2009. Also, the quarterly revenues reached $2.3bn, which was 9.6% lower than in the last quarter of 2008.

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