MTS Group revenues rise 5% in Q3

Tuesday 19 November 2019 | 13:56 CET | News
Russian and the CIS operator MTS reported revenues of RUB 133.9 billion for the third quarter, up 4.6 percent year-on-year. Growth was mainly driven by mobile service revenue in the Ukraine and Russia, as well as strong revenue dynamics on the part of MTS Bank. Group OIBDA grew by 5.9 percent to RUB 62.8 billion. Profit attributable to the company´s owners increased to RUB 18.4 billion from a loss the year earlier of 37 billion, supported by solid operational performance, a bit offset by higher interest expenses that were partially affected by a one-off under IFRS 9.

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Categories: Mobile & Wireless
Countries: Russian Federation
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