VEON LTD Reports Record Earnings for FY2022 Q4 as of December 31 2022
March 26, 2023
Earnings Overview
On March 16, 2023, VEON LTD ($BER:35V0) reported their earnings results for the fourth quarter of fiscal year 2022, which ended December 31, 2022. Total revenue was USD 200.0 million, a decrease of 33.1% from the same quarter of the year prior. Net income was also lower, coming in at USD 940.0 million, a decrease of 54.2% year over year.
Market Price
On Friday, VEON LTD reported record earnings for its FY2022 Q4 as of December 31, 2022. The financial results were impressive with the stock opening at €16.8 and closing at €16.8, soaring by 100.0% from its last closing price of €14.5. VEON LTD’s strong earnings report has generated strong investor interest, with stock prices soaring and the company expecting to see further growth in the coming quarters. These results are an indication of the success of their strategic investments and provide an optimistic outlook for continued growth and success. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Veon Ltd. More…
| Total Revenues | Net Income | Net Margin |
| 3.75k | -317 | 12.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Veon Ltd. More…
| Operations | Investing | Financing |
| 2.61k | -1.18k | -744 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Veon Ltd. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 15.1k | 14.32k | 8.34 |
Key Ratios Snapshot
Some of the financial key ratios for Veon Ltd are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -24.9% | -22.5% | 27.7% |
| FCF Margin | ROE | ROA |
| 15.2% | 109.9% | 4.3% |
Analysis
At GoodWhale, we recently conducted an analysis of VEON LTD‘s wellbeing. We determined that VEON LTD is a medium risk investment in terms of financial and business aspects according to our Risk Rating. Upon closer inspection of VEON LTD’s income sheet and balance sheet, we detected two risk warnings that we advise our users consult further with a qualified financial advisor. If you are a registered user of GoodWhale, you can access this information by logging in to your account. If you’re not yet a GoodWhale user, we encourage you to register and become part of the GoodWhale community in order to gain access to this valuable information. More…
Summary
VEON LTD reported their fourth-quarter earnings for FY2022 on March 16th, 2023, with total revenue of USD 200.0 million, a 33.1% year-over-year decrease. Net income was also down by 54.2%, to USD 940.0 million. On the same day, the stock price rose, suggesting that investors are optimistic about the company’s performance despite the initially poor results. Going forward, investors may want to keep an eye on VEON LTD in order to gauge future progress and potential upside.
Related Posts
Recent Posts
