Kcell Joint Stock Company reported earnings results for the first quarter ended March 31, 2016. For the quarter, the company reported revenues of KZT 35,470 million against KZT 43,085 million a year ago. Operating income was KZT 9,058 million against KZT 17,111 million a year ago.

Net income attributable to owners of the parent company was KZT 6,625 million or KZT 33.1 per share against KZT 13,234 million or KZT 66.2 per share a year ago. EBITDA, excluding non-recurring items, decreased by 36.6% to KZT 14,928 million against KZT 23,554 million for the same period a year ago. The EBITDA margin was at 42.1% against 54.7% for the same period a year ago.

Cash flow from operating activities was KZT 6,357 million against KZT 11,755 million a year ago. Cash CAPEX was KZT 19,851 million against KZT 8,566 million a year ago. Free cash flow was KZT 13,494 million.