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MTS Q1 sales, OIBDA increase 5%

2014-05-27 12:31:00| Telecompaper Headlines

(Telecompaper) Russian operator MTS reported first-quarter revenues and OIBDA up 5 percent year-on-year, driven by growing demand for mobile broadband services in its home market. Revenues totaled RUB 97.6 billion, including 7 percent growth in the Russian mobile business to RUB 68.0 billion. OIBDA reached RUB 41.5 billion, giving a margin of 42.5 percent. Net profit for the quarter was unchanged, at RUB 13.0 billion, due to forex losses of RUB 3.8 billion. After a small drop in capex to RUB 10.1 billion, the company's free cash flow was up 40 percent from a year earlier to RUB 34.1 billion. Capex for the full year is estimated at RUB 90 billion, and MTS reiterated its intention to also pay out RUB 90 billion in dividends in 2014-15, after RUB 41 billion last year. MTS' mobile customer base rose 0.8 percent compared to the end of 2013 to 108.67 million at the end of March, led by a 1.0 percent increase in Russia to 76.11 million. 

Tags: sales increase mts

Category:Telecommunications

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