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Kazakhstan's Kcell Q2 net income drops 87 pct on tax provision
July 20, 2017 / 3:35 AM / 2 months ago

Kazakhstan's Kcell Q2 net income drops 87 pct on tax provision

ALMATY, July 20 (Reuters) - Kcell, Kazakhstan’s largest mobile telecommunications operator, said on Thursday second-quarter net income fell 87 percent year-on-year due to a one-off provision following a 9 billion tenge ($28 million) back tax claim.

The company’s quarterly net income was 600 million tenge ($1.8 million). Kcell’s net sales fell 1.1 percent to 36.027 billion tenge in the same period. (Reporting by Olzhas Auyezov; Editing by Gopakumar Warrier)

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