Kazakhtelecom JSC

KZTA

Equity

ISIN US48666D2045 / Valor 890179

Deutsche Boerse AG (2024-12-23)

EUR 3.00+0.67%

Kazakhtelecom JSC
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About company

Kazakhtelecom JSC is the largest telecommunications company in Kazakhstan, providing a comprehensive range of services including fixed-line and mobile telephony, broadband internet, and digital television. The company plays a pivotal role in the country's telecommunications infrastructure, offering both consumer and business solutions. Kazakhtelecom's extensive network and technological capabilities enable it to deliver high-quality connectivity and innovative services across urban and rural areas. The company is also involved in the development and implementation of advanced ICT solutions, contributing to the digital transformation of Kazakhstan. Despite its significant market presence, the members of its Management Board and Board of Directors do not hold ownership of ordinary shares, ensuring a separation between management and ownership.

Summarized from source with an LLMView SourceSector: Telecommunications

Revenue Growth

In the financial year ending December 31, 2023, Kazakhtelecom JSC reported a significant revenue from contracts with customers totaling 669,467,961 thousand tenge, marking an increase from the previous year's 621,837,582 thousand tenge. This growth underscores the company's expanding customer base and enhanced service offerings.

Profitability

Kazakhtelecom JSC achieved a profit for the year 2023 amounting to 104,403,209 thousand tenge, compared to 128,753,145 thousand tenge in 2022. Despite a slight decrease, the company maintained strong profitability, reflecting effective cost management and operational efficiency.

Operating Cash Flow

The company demonstrated robust operating cash flows, reporting 302,431,125 thousand tenge for 2023, an improvement from the previous year's 293,038,023 thousand tenge. This increase is indicative of Kazakhtelecom JSC's solid operational performance and cash generation capabilities.

Income Tax Expenses

For the year ended December 31, 2023, Kazakhtelecom JSC incurred income tax expenses totaling 29,834,582 thousand tenge, a decrease from 35,695,727 thousand tenge in the previous year. This reduction in tax expenses can be attributed to more efficient tax planning and possibly favorable changes in tax regulations.

Dividend Outlook

While specific details on dividends for 2023 were not disclosed, Kazakhtelecom JSC's consistent profitability and strong cash flow position suggest a positive outlook for dividend distributions in the future, aligning with the company's shareholder remuneration policies.

Summarized from source with an LLMView Source

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