UPC Romania’s revenues go down on USD appreciation
UPC Romania had USD 117.5 million in revenues in the first nine months of 2015, some 10% lower compared to the same period of 2014. The decline was mainly due to the Romanian currency’s depreciation against the dollar, which was about 21%,…
Romania Insider · Journalist
· Updated · 1 min read
UPC Romania had USD 117.5 million in revenues in the first nine months of 2015, some 10% lower compared to the same period of 2014. The decline was mainly due to the Romanian currency’s depreciation against the dollar, which was about 21%, according to the financial data released by American group Liberty Global, UPC’s owner, reports Profit.ro. The company’s revenues went up by 9.5% when expressed in Romanian lei (RON). In the third quarter of 2015, UPC Romania’s revenues increased by almost 10% in RON, but went down by 8% in USD, to USD 40 million. UPC Romania had 1.21 million clients at the end of September 2015, up by 3.6% compared to September 2014, while the number of subscriptions to all the company’s services went up by 8%, to 2.04 million. editor@romania-insider.com
