MTS IFRS net profit dives 36.4% to 10.9 bln rbl in Apr–Jun

MOSCOW, Aug 18 (PRIME) -- The net profit of Russian mobile operator MTS decreased 36.4% on the year to 10.9 billion rubles in April–June, as calculated under International Financial Reporting Standards (IFRS), the company said on Thursday in a statement.

Revenue rose 0.7% to 127.8 billion rubles “driven primarily by growth in core connectivity services as well as at fintech and other businesses, which offset a decline in sales of handsets and accessories.”

Adjusted operating income before depreciation and amortization (OIBDA) decreased 9.2% to 51.8 billion rubles.

The operating profit fell 26.4% to 22.3 billion rubles.

The net debt widened 20.2% to 419 billion rubles.

(60.7552 rubles – U.S. $1)

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