(Adds KCell’s CEO statement, background)
ALMATY, Jan 30 (Reuters) - KCell , Kazakhstan’s largest mobile phone operator, said on Thursday its net profit for 2013 rose by 2.5 percent to 63.4 billion tenge ($408 million).
Revenue grew 3.1 percent to 187.6 billion tenge last year, driven by demand for data services as the rollout of its 3G network continued.
KCell, controlled by Nordic parent TeliaSonera, said earnings before interest, tax, depreciation and amortization (EBITDA), excluding non-recurring items, rose by 3.3 percent to 104.7 billion tenge.
“We have maintained our leading market position and have again recorded an increase in our subscriber base in the face of an increasingly competitive domestic market and a tough regulatory framework,” KCell Chief Executive Ali Agan said in a statement.
The company’s subscriber base expanded to 14.3 million by the end of last year from 13.5 million in 2012.
In December 2012 KCell went public. Its flotation of a 25 percent stake in London and Kazakhstan was priced at the bottom end of its offered range at $10.50 per global depositary receipt and raised $525 million.
Kcell’s stock closed at $16.65 per share in London on Wednesday.
($1 = 155.50 tenge)
Reporting by Dmitry Solovyov; Editing by Prateek Chatterjee and Matt Driskill