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
 
 
Share |
To report an error select text and press Ctrl+Enter
 
 
Central Bank Official Rate
1W 1M 1Y
USD
EUR 71.9232 -0.3208 20 apr
USD 63.9602 -0.1086 20 apr
Stock Market Indices
1D 1W 1M 1Y
MICEX
rtsi 1260.82 -0.12 18:50 19 apr
micex 2563.90 +0.12 18:50 19 apr
Stock Quotes in RUR
1D 1W 1M 1Y
GAZP
gazp 162.57 +0.48 18:49 19 apr
lkoh 5602.00 -0.14 18:48 19 apr
rosn 432.00 -0.84 18:49 19 apr
sber 232.60 -0.08 18:49 19 apr
MICEX Ruble Trading
1D 1W 1M 1Y
USDTD
EURTD 71.9125 -0.2875 14:59 19 apr
USDTD 64.0125 +0.0400 17:44 19 apr