Vega Earns UAH 489.2 Million in Q1-Q3 2014
OREANDA-NEWS. In Q1-Q3 2014, Farlep-Invest, a company managing operations of Vega Telecom Group, has retained the revenues on the level of the last year making UAH 489.2 million from operations. Last year the amount was UAH 493.1 million.
The net loss in Q1-Q3 totalled UAH 158 million against UAH 53.2 million year on year. The difference comes from devaluation of Ukrainian hryvnia that led to higher expenses of Vega's companies related to the exchange rate.
Capital investment of Farlep-Invest amounted to UAH 23.4m that is UAH 11.5m less year on year.
The company paid UAH 101.6 million in taxes to local and central government budgets in the reporting period.
Vega Telecommunications Group is one of the largest fixed-line communication operators in Ukraine and a part of SCM Group's telecommunication business. Vega takes the leading position in the Ukrainian market of fixed-line communication services, broadband Internet access and data transmission. Vega has emerged in the Ukrainian telecom market after consolidation of the largest telecommunication groups of Ukraine: Farlep, Optima Telecom, Ucomline, CSS, IP Telecom, Matritsa, Vilcom and others. Today Vega provides services in 65 cities and towns in 23 regions of Ukraine. Farlep-Invest manages operations of Vega Telecommunications Group.
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