Mobile TeleSystems said Friday its net profit increased 80%

Tuesday, March 31, 2020

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Mobile TeleSystems [RTS: MTSS] said Friday its net profit, calculated to Russian Accounting Standard, increased 80%, year-on-year, in the first nine months of 2006, to 21.8 billion rubles ($817.7 million). The company's revenue in January-September hit 81.2 billion rubles ($3.1 billion), up 49%, year-on-year. Gross profit on sales jumped 37.5% in the reporting period, to 30.9 billion rubles ($1.16 billion). Pre-tax profit stood at 29.2 billion rubles ($1.1 billion), up 73.3% from a year ago. MTS, Russia's largest mobile phone operator, whose shares are traded on the New York Stock Exchange and on off-exchange markets in Europe, has over 52 million customers in Russia, Ukraine, Belarus, Uzbekistan, and Turkmenistan. AFK Sistema (RTS: AFKS), one of Russia's largest diversified corporations, owns a 52.8% share of the company.

Bookmark Mobile TeleSystems said Friday its net profit increased 80%