MGTS RAS net profit rises 23.5% to 19.6 bln rbl in 2018 - Telecommunications - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

MGTS RAS net profit rises 23.5% to 19.6 bln rbl in 2018

MOSCOW, Apr 3 (PRIME) -- The net profit of Moscow City Telephone Company (MGTS), a fixed line unit of mobile operator MTS, increased 23.5% in 2018 to 19.6 billion rubles, as calculated under Russian Accounting Standards (RAS), MGTS said on Wednesday in a statement.

Revenue edged up 0.5% to 38.7 billion rubles.

Income from broadband services on the mass market rose 14% to 4.9 billion rubles. Revenue from pay TV increased 23% to 1.4 billion rubles.

Income from mobile virtual network operator services on MTSТ network doubled to 1.4 billion rubles.

УWe plan to keep and raise financial stability in 2019 by improving effectiveness of the team thanks to a further system transformation by offering the market new products and services and by giving a start to new business directions,Ф MGTS Commercial Director Alexei Nazarov said.

The operatorТs total subscriber base rose 5% to 5.5 million.

(65.4726 rubles Ц U.S. $1)

End

03.04.2019 16:39
 
 
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