OREANDA-NEWS. Net profit ofUkrtelecom JSC in Q1 2014 amounts to 1 604.2 mln UAH. Revenues from telecommunication services amount to 1 591.3 mln UAH, which is 43.6 mln UAH more than for the same period in 2013. Revenue growth from telecommunication services was due to an increase in incoming international traffic.

Like last year, the main focus of the company continues to be the market of broadband Internet access and data communication. During the reporting period, revenues from this business line amount to 340.7 mln UAH, which is 21.1 mln UAH more than for the same period in 2013. The number of broadband subscribers in Q1 increased by 9 000 and amounts to 1 655 500 (as of 01.04.2014).

At the same time, costs of production for Q1 2014 amount to 1 174.3 mln UAH, which is 24.1 mln UAH less than for the same period in 2013. The decrease was due to comprehensive measures to optimize costs of production. In particular, due to reducing the consumption of fuel and oil resources, reducing the cost of maintenance and service support of non-current assets, planned and major overhaul of fixed assets, private security services, and administrative costs.

The gross profit of the Company amounts to 429.9 mln UAH, which is 9.3 mln UAH more than for the same period in the last year.

As a result of the Company's performance for the reporting period its EBITDA amounts to 318.6 mln UAH, which is 10.4 mln UAH more than for the same period in 2013.