VimpelCom Q4 Loss Narrows - Quick Facts

(RTTNews) - VimpelCom Ltd. (VIP), a provider of telecommunications services, said fourth-quarter attributable net loss narrowed to $935 million or $0.53 per basic share from $3.861 billion or $2.21 per basic share in the previous year.

Total revenue declined 21 percent to $4.391 billion from last year's $5.552 billion. Organically, the drop was 3 percent.

Total mobile customers grew 2 percent to 221.6 million from 216.9 million.

In 2015, the company expects an improving organic trend in service revenue and targets a flat to low single digit organic decline year on year. Earnings per share are expected to be between $0.35 and $0.40.