Uzbekistan news for September 3, 2010

In this issue:

2 Corporate news
2 VimpelCom’s net operating revenue in Uzbekistan makes up US$51.4m in 2Q
2 China Southern Airlines opens flight from Beijing to Tashkent
2 Osiyo Trust’s assets exceed 21bn soums
3 Industry news
3 Crude Oil Heads for Weekly Decline on Forecast for U.S. Jobless Increase
4 Politics and Economics
4 Uzbekistan’s banking sector develops rapidly
4 Upcoming events
5 UzSE
6 Tenders list
7 Expert’s opinion
9 Corporate announcement
10 AFS Research productline
11 AFS Research services

VimpelCom’s net operating revenue in Uzbekistan makes up US$51.4m in 2Q

Net operating revenue of VimpelCom Ltd. (VimpelCom) in Uzbekistan fell by 2.3% year-on-year in the second quarter of 2010 to US$51.4 million (US$52.65 million in 2Q 2010).
Revenue from mobile communication made up US$48.9 million (-1.2%) in the second quarter of 2010. Revenue from fixed communication in Uzbekistan decreased by 19.4% to US$2.5 million in the reporting period (US$3.1m in 2Q 2009).
Adjusted OIBDA made up US$20.1 million in the second quarter of 2010, which is 25.3% less compared to the same period of 2009. OIBDA of mobile communication comprised US$19.2 million in the second quarter (-25.3%). OIBDA of fixed communication in the second quarter of 2010 fell by 25% to US$0.9 million (US$1.2 million in 2Q 2009).
 

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