Kcell Joint Stock Company announced earnings results for the fourth quarter and full year ended December 31, 2017. For the quarter, the company reported revenue was KZT 38,154 million against KZT 38,223 million a year ago. Ebitda was KZT 16,110 million against KZT 14,485 million a year ago. Operating income was KZT 10,015 million against KZT 6,267 million a year ago. Net income attributable to owners of the parent company was KZT 5,173 million against KZT 1,051 million a year ago. Earnings per share was KZT 25.9 against KZT 5.3 a year ago. Free cash flow was KZT 2,710 million against negative free cash flow of KZT 12,301 million a year ago. Net income in fourth quarter 2017, better than in fourth quarter prior year due to the provisions made in year 2016, again, with expected tax audits results. For the full year, the company reported revenue was KZT 147,229 million against KZT 147,037 million a year ago. Ebitda was KZT 57,321 million against KZT 57,989 million a year ago. Operating income was KZT 31,501 million against KZT 31,041 million a year ago. Net income attributable to owners of the parent company was KZT 13,434 million against KZT 16,684 million a year ago. Earnings per share was KZT 67.2 against KZT 83.4 a year ago. Free cash flow was KZT 10,899 million against negative free cash flow of KZT 13,293 million a year ago. CAPEX was lower at KZT 21,648 million against KZT 51,017 million and the CAPEX-to-sales ratio decreased to 14.7 % . In 2016, CAPEX included the acquisition of LTE frequencies for KZT 26 billion.