Russian MTS Group announced that its consolidated revenues grew by 5.3 percent year-on-year to RUB 108.136 billlon in the second quarter of this year. OIBDA declined by 4.3 percent to RUB 40.885 billion, and the OIBDA margin dropped by 3.8 percentage points to 37.8 percent. Consolidated net profit declined to RUB 9.056 billion, down by 47.0 percent. The net debt contracted to RUB 274.5 billion. The subscribers was 109.0 milllion, up by 3.5 percent.
MTS Group expects its full-year revenue to increase by 2-3 percent this year, with FY capital expenditure at RUB 85 billion. Full-year OIBDA is likely to be down by 4 percent due to the sale of the business in Uzbekistan, as well as the macro-economic situation in the market.
In Russia, revenue increased by 3.3 percent to RUB 97.435 billion, with mobile service revenue up by 0.1 percent to RUB 72.786 billion. Fixed service revenue in Russia decreased by 2.8 percent to RUB 15.263 billion. Income from the sale of goods jumped by 38.7 percent to RUB 10.552 billion. Revenue from integration services in Russia amounted to RUB 1.258 billion. OIBDA declined by 3.7 percent in Russia to RUB 39.706 billion. The OIBDA margin totaled 48.7 percent, down by 2.9 percentage points. The net profit dropped by 42.5 percent to RUB 10.788 billion. The subscribers base grew by 3.2 percent to 77.8 million.
MTS opened 627 new shops in Russia in the first half of the year, expanding its retail chain to 5,838 branches there by the end of June.
