Vimpel-Communications (VIP) reported that its fourth-quarter net income attributable to the company was US$283 million, compared to a loss of US$816 million in the same quarter last year. Net income attributable to the company was US$0.27 per basic ADS, compared to a loss of US$0.81 per basic ADS in the prior year quarter.
Analysts polled by Thomson Reuters expected the company to report earnings of US$0.41 per share for the quarter. Analysts' estimates typically exclude special items.
Net operating revenues for the quarter were US$2.31 billion, down from US$2.56 billion in the prior year quarter. Four analysts had consensus revenue estimate of US$2.33 billion for the quarter.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.