Astelit Sustains Losses Of USD 30.9 Million In Q4

The Astelit cellular mobile telephone company, which provides mobile telephone services under the life:) brand name, finished the October-December period with USD 30.9 million in the red.

This is said in the quarterly report of Astelit.

In the fourth quarter, the company’s revenues in the hryvnia equivalent shrank by 11.9% or UAH 11 million to UAH 81.8 million.

EBITDA (earnings before interest, taxes, depreciation, and amortization) of the company made up USD 16.9 million.

Its capital expenditures in the fourth quarter made up of USD 21.4 million.

As Ukrainian News earlier reported, the Astelit cellular mobile telephone company finished the July-September period with USD 26.4 million in the red, having reduced its revenues in the hryvnia equivalent by 8.85% or UAH 60.1 million to UAH 670.6 million (in dollar terms, it increased by USD 8.3 million or 8.9% to USD 84.9 million).

Astelit reported a loss of USD 111.8 million for the year 2009, when its net revenues reduced by USD 87.6 million or 19.9% to USD 351.1 million compared with 2008.

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