MTS says JulSep IFRS net profit falls by 12.5% to 16.5 bln rbl - 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

MTS says JulSep IFRS net profit falls by 12.5% to 16.5 bln rbl

MOSCOW, Nov 17 (PRIME) -- The net profit of major Russian mobile operator MTS decreased by 12.5% on the year to 16.5 billion rubles in JulySeptember, as calculated under International Financial Reporting Standards (IFRS), the company said on Wednesday in a statement.

The net profit was supported by core business performance and MTS Bank. At the same time, the net profit was constrained by higher depreciation and amortization of fixed and intangible assets, reflecting the companys deliberate investment in network development and other areas, as well as an increase in financing costs versus the year-ago quarter due to higher net debt and an evolving interest rate environment, among other factors, MTS said.

Revenue increased 8.4% to 138.2 billion rubles on the back of growth in all key verticals: telecom, fintech, media, retail, and business-to-business cloud and digital solutions. MTS Russia revenue rose 8.5% to 136.4 billion rubles.

Operating income before depreciation and amortization (OIBDA) grew 4.2% to 61.3 billion rubles. Operating profit decreased 0.2% to 33.5 billion rubles.

Cash capital expenditures increased 41.5% to 33.1 billion rubles. The net debt widened 31.2% to 396.7 billion rubles.

MTS currently forecasts high-single-digit growth for 2021 group revenue versus 2020 MTS currently forecasts at least 6% growth for 2021 group OIBDA 2021 cash CAPEX to be approximately 110 billion rubles including required investments under the (data retention law), the company said.

MTS said it sees the additional investment in data storage systems necessary to comply with the data retention law at about 50 billion rubles over the five-year period through JanuaryJune 2023.

(72.5553 rubles U.S. $1)

End %%ee/jst%%

17.11.2021 15:29
Share |
To report an error select text and press Ctrl+Enter
Central Bank Official Rate
1W 1M 1Y
EUR 83.1138 -0.1268 07 dec
USD 73.6694 -0.0732 07 dec
Stock Market Indices
1D 1W 1M 1Y
micex 3838.60 +0.75 11:58 07 dec
Stock Quotes in RUR
1D 1W 1M 1Y
gazp 335.32 -1.07 11:42 07 dec
lkoh 6700.00 +0.75 11:42 07 dec
rosn 577.35 +0.31 11:42 07 dec
sber 304.85 -0.86 11:42 07 dec
MICEX Ruble Trading
1D 1W 1M 1Y
EURTD 83.9725 +0.6375 11:43 07 dec
USDTD 74.4075 +0.5350 11:43 07 dec