Ukrtelecom announced earnings results for the first quarter of 2016. For the quarter, the company reported that its revenues were stable year-on-year in the first quarter, totaling UAH 1.712 billion. EBITDA rose by 12% to UAH 500 million, and the EBITDA margin grew by 2.5 percentage points to 29.2%.

Net profit totaled almost UAH 100 million. Revenues from retail customers increased by 5.5% to UAH 967 million, and revenues from corporate subscribers grew by 3% to almost UAH 310 million. Fixed telephony services generated UAH 824 million, and the active fixed telephony subscribers base totaled 6.3 million.

Broadband services revenue totaled UAH 368 million, up by 17%, and the broadband subscriber base amounted to 1.6 million.