Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

VimpelCom Drops as Profit Falls 79% on Debt, Expansion Costs

Nov. 14 (Bloomberg) -- VimpelCom Ltd., Russia’s third-biggest mobile carrier by subscribers, dropped for the first day in three after third-quarter profit plunged 79 percent as the company increased spending on expansion.

American depositary receipts of VimpelCom fell 2.3 percent to $11 at the close of trading in New York. Net income declined to $104 million from $496 million a year earlier as interest expenses increased and movements in the Egyptian pound and euro hurt results, Amsterdam-based VimpelCom said today in a statement.

To contact the reporters on this story: Ksenia Galouchko in New York at kgalouchko1@bloomberg.net

To contact the editor responsible for this story: David Papadopoulos in New York at papadopoulos@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.