VimpelCom Ltd. (VIP) reported fourth-quarter profit attributable to owners of the parent of $801 million, compared to a loss of $381 million prior year. Profit per share attributable to ordinary equity holders of the parent was $0.49 compared to a loss of $0.24 last year.
Profit before tax was $764 million, compared to a loss of $559 million last year. The company said the rise was primarily the result of a substantially higher EBIT and a Euroset fair value adjustment of US$606 million, due to IFRS requirements, as a result of the acquisition of the additional 0.1%. Total operating revenues increased to $5.95 billion from $5.89 billion last year. The year-over-year revenue growth of 1% was impacted by unfavorable currency movements. Organic revenue growth was 3%, with solid performance across most Business Units.
Analysts polled by Thomson Reuters expected the company to report profit per share of $0.26 for the quarter. Analysts' estimates typically exclude speical items. Analysts expected revenue of $5.84 billion for the quarter.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.