MTS’ IFRS net profit falls 76.2% to 3.9 bln rbl in Jan–Mar

MOSCOW, May 18 (PRIME) -- The net profit of Russian mobile operator MTS plunged 76.2% on the year to 3.9 billion rubles in January–March, as calculated under International Financial Reporting Standards (IFRS), the company said on Wednesday in a statement.

Revenue rose 8.5% to 134.4 billion rubles “primarily driven by robust top-line performance in the company’s telecom, fintech, and media verticals,” the company said.

Adjusted operating income before depreciation and amortization (OIBDA) went up 2% to 56.5 billion rubles “primarily driven by solid business performance in core telecom services.”

The net debt widened 28.2% to 431 billion rubles.

(63.5428 rubles – U.S. $1)

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