VEON Ltd. reports its interim financial results for Q3 and nine months ending September 30, 2024, available online.
Quiver AI Summary
VEON Ltd. has released its unaudited interim condensed consolidated financial statements for the three-month and nine-month periods ending September 30, 2024, following its 3Q24 trading update on November 14, 2024. These financial statements are accessible on VEON's website. VEON, a Nasdaq-listed digital operator, serves nearly 160 million customers across six countries, providing connectivity and digital services that aim to enhance lives and promote economic growth. Further details can be found at their official website, and contact information for communications and investor relations is provided.
Potential Positives
- VEON Ltd. is listed on Nasdaq, showcasing its credibility and attractiveness to investors.
- VEON has a substantial customer base of nearly 160 million, indicating its broad market reach and potential for growth.
- The company's operations across six countries allow it to tap into diverse markets, improving resilience and expansion opportunities.
- VEON emphasized its commitment to technology-driven services, aligning with current trends towards digital transformation and economic empowerment.
Potential Negatives
- The press release only provides interim financial statements, which may indicate an ongoing lack of clarity or concern regarding the company's full financial performance.
- The timing of the press release, following the trading update, may suggest that the company's financial health is under scrutiny or underwhelming, leading to increased investor wariness.
- The focus on financial disclosures without significant operational highlights could signal a prioritization of transparency over positive developments, potentially indicating challenges in the business landscape.
FAQ
What is VEON Ltd.?
VEON Ltd. is a Nasdaq-listed global digital operator providing connectivity and digital services to nearly 160 million customers.
When was VEON's 3Q24 trading update released?
VEON's 3Q24 trading update was released on 14 November 2024.
Where can I find VEON's financial statements?
VEON's unaudited interim condensed consolidated financial statements can be found on their investor relations website at https://www.veon.com/investors/.
How many countries does VEON operate in?
VEON operates across six countries, reaching more than 7% of the world’s population.
Who can I contact for more information about VEON?
You can contact Hande Asik at pr@veon.com or Faisal Ghori at ir@veon.com for more information.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$VEON Hedge Fund Activity
We have seen 23 institutional investors add shares of $VEON stock to their portfolio, and 11 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- LINGOTTO INVESTMENT MANAGEMENT LLP added 193,142 shares (+3.6%) to their portfolio in Q3 2024
- UBS ASSET MANAGEMENT AMERICAS LLC removed 68,008 shares (-100.0%) from their portfolio in Q2 2024
- DG CAPITAL MANAGEMENT, LLC removed 58,432 shares (-100.0%) from their portfolio in Q2 2024
- HELIKON INVESTMENTS LTD added 49,680 shares (+1.8%) to their portfolio in Q3 2024
- SAMSON ROCK CAPITAL LLP added 30,000 shares (+inf%) to their portfolio in Q3 2024
- CITIGROUP INC added 29,350 shares (+13.4%) to their portfolio in Q3 2024
- CITADEL ADVISORS LLC added 22,213 shares (+58.4%) to their portfolio in Q3 2024
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
Dubai and Amsterdam, 13 December 2024 : VEON Ltd. (Nasdaq: VEON), a global digital operator (“VEON”), following the release of its 3Q24 trading update on 14 November 2024, today discloses its unaudited interim condensed consolidated financial statements for the three-month and nine-month periods ended 30 September 2024 for VEON Ltd. The Financial Statements are available on the VEON Group website at https://www.veon.com/investors/ .
About VEON
VEON is a Nasdaq-listed digital operator that provides converged connectivity and digital services to nearly 160 million customers. Operating across six countries that are home to more than 7% of the world’s population, VEON is transforming lives through technology-driven services that empower individuals and drive economic growth. For more information visit: www.veon.com .
Contact Information
Hande Asik
Group Director of Communications
pr@veon.com
Faisal Ghori
Group Director of Investor Relations
ir@veon.com
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