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Stock impact report

VEON Ltd (VEON) Q3 2024 Earnings Call Highlights: Strong Revenue Growth Amidst Operational ... [Yahoo! Finance]

VEON Ltd. - American Depositary Shares (VEON) 
US:NASDAQ Investor Relations: veon.com/investor-relations
Company Research Source: Yahoo! Finance
VEON Ltd ( NASDAQ:VEON ) reported a strong revenue growth of 9.8% year over year in US dollars and 14.1% in local currency terms. The company achieved a significant reduction in the weighted average blended inflation rate across its markets, from 16.5% in Q3 2023 to 8.2% in Q3 2024. VEON Ltd ( NASDAQ:VEON ) saw a substantial increase in direct digital revenues, which grew 35.1% year on year in US dollars. The company added 8 million additional 4G customers year on year, with 4G penetration rising to 65%. VEON Ltd ( NASDAQ:VEON ) maintained a healthy liquidity position with a cash reserve of $1 billion, demonstrating effective cash management. VEON Ltd ( NASDAQ:VEON ) experienced a negative 1.5% growth in EBITDA in US dollars, impacted by identified items such as restructuring costs and charitable donations. Revenues in Bangladesh declined by 8.4% due to the revolution and new tax on revenues, affecting overall performance. The company faced higher energy tariffs and inc Show less Read more
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