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VEON Q4 Sales $953M Up From $940M YoY, Net Loss $3.5B Down From Net Profit $386M YoY

Author: Benzinga Newsdesk | March 21, 2024 02:21am

VEON (NASDAQ:VEON) reported $953.00 million in sales this quarter. This is a 1.38 percent increase over sales of $940.00 million the same period last year.
The Group recorded net loss for the period of USD 3.5 billion, primarily due to result on the sale of our Russian operations driven by USD 3.4 billion of cumulative currency translation losses which accumulated in equity through other comprehensive income and are recycled through the consolidated income statement on the date of the disposal.

Posted In: VEON