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VimpelCom May Resume Dividends as Profit Beats Estimates
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VimpelCom Ltd, the mobile operator owned by Russian billionaire Mikhail Fridman and Norway’s Telenor ASA, reported third-quarter profit that beat analyst estimates and said it was close to a decision on dividends.
Net income rose to $538 million from $189 million a year earlier, when foreign-exchange losses hurt earnings, Amsterdam-based VimpelCom said in a statement today. Profit exceeded the average estimate of $509 million from 10 analysts surveyed by Bloomberg. Sales fell 6 percent to $5.7 billion.