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Lifecell posts UAH 27.4 mln net loss in Q2 2022
KYIV. Aug 19 (Interfax-Ukraine) – Lifecell LLC mobile operator in April-June 2022 recorded a net loss of UAH 27.4 million compared to a net profit of UAH 116 million for the same period in 2021 due to write-offs of assets in the territories controlled by Ukraine, but not working for more than 92 days, and assets in the territories seized by Russia.
According to the parent company Turkcell, the company’s income in the second quarter of this year increased by 5.4% – to UAH 2.127 billion from UAH 2.018 billion in the second quarter of 2021, mainly due to an increase in income from international incoming calls and data transfer.
In the specified period, EBITDA increased by 8.8% – up to UAH 1.231 billion, and EBITDA margin increased by 1.8 percentage points – up to 57.9%, which the company explained with cost control measures implemented by Lifecell.
The report clarifies that the write-offs amounted to 204 million Turkish lire (about UAH 383.1 million at the rate in the report).
Lifecell’s capital investments in the second quarter of this year decreased by a third compared to the second quarter of the previous year, to UAH 659 million.
The active Lifecell subscriber base for the three reporting months decreased by 5.6%, or 500,000 – to 8.4 million subscribers, returning to the level of a year ago.
Active three-month ARPU in the second quarter of this year decreased by 1.8% compared to the previous quarter – to UAH 82.8, and MoU – by 5.5%, to 160.7 minutes. In annual terms, ARPU increased by 1.1%, while MoU fell by 14%.
"Meanwhile, three-month active 4.5G users grew by 7% year-on-year in the second quarter of 2022, to 76% of the total number of mobile data users. Lifecell maintained its leadership in the Ukrainian market in terms of smartphone penetration, which at the end of Q2 2022 reached 84.6%," the company says.
