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MTS raises outlook as revenues increase 7% in Q3
2015-11-18 07:11:00| Telecompaper Headlines
(Telecompaper) Revenues of Russian and CIS operator MTS Group grew by 7.4 percent year-on-year in the third quarter to RUB 115 billion, led by demand for data services and smartphones. Adjusted OIBDA totaled RUB 48 billion, down by 2.4 percent, and the adjusted OIBDA margin was 41.7 percent. MTS said OIBDA was impact by cost inflation, margin pressure outside Russia and new commercial policies in its retail network. Net profit dropped by 6.4 percent to RUB 14.4 billion, hurt by forex losses. MTS raised its guidance for the full year and now expects annual revenue growth of around 4 percent, compared to a previous outlook for at least 2 percent growth. The company maintained its forecast for an OIBDA margin of over 40 percent and capital expenditure of around RUB 92 billion over the full year. In Russia, revenues grew by 4.7 percent to RUB 103.92 billion in the third quarter, while OIBDA declined 2.1 percent to RUB 44.53 billion amid higher costs for increased smartphone sales. Mobile revenues, including sales of devices, grew by 6.4 percent to RUB 90.6 billion, led by 20.2 percent growth in data revenues to RUB 20.6 billion. The subscriber base grew by 3.6 million compared to a year ago to 76.9 million at the end of September, while ARPU dropped by 4.6 percent to RUB 341.
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The Alden B. Dow Museum of Science and Art presents SPEED: Science in ...
2015-11-17 20:38:18| Chemicals - Topix.net
It's fun. It's SPEED: Science in Motion with exciting, hands-on exhibits to test your potential as a Formula One driver.
Court's expert: Shift voters from 3 r d to 4 t h , avoid wholesale changes in congressional map
2015-11-17 19:29:05| Paper - Topix.net
A proposed map would alter the congressional districts held by Reps. Randy Forbes, left,R-Chesapeake, and Robert C. "Bobby" Scott, D-Newport News.
Stock Market Today - VW Scandal Results in Slowing New Car Sales in Europe
2015-11-17 15:37:16| Auto Dealers - Topix.net
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2 Key Factors Which Will Drive Best Buy's Growth In Future
2015-11-17 12:53:11| Electronics - Topix.net
Best Buy is transforming its stores into experience centers, where a dedicated space inside the company's stores is allocated to a single vendor. A "store-within-a-store" has a dedicated check-out area, sales support and large product displays, and caters to vendors such as Apple, Samsung and Sony.
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