Russia's MTS Q3 net profit up 43 pct to 18 bln rbls, y/y


MOSCOW, Nov 14 (Reuters) - Russia's top mobile phone operator MTS said on Tuesday its third quarter net profit was up 43 percent to 18 billion roubles ($301.4 million), year-on-year.

MTS, part of the Sistema conglomerate, added that its third quarter revenue was at 114.6 billion roubles, up 2.1 percent, while adjusted operating income before depreciation and amortisation (OIBDA) rose 6.7 percent to 48.8 billion roubles.

MTS raised growth forecast for its adjusted OIBDA to over 5 percent from more than 4 percent and said that revenue was expected to grow by up 2 percent this year from previous forecast of between minus 2 to plus 2 percent.

($1 = 59.7305 roubles)

This article appears in: Stocks , Fundamental Analysis , World Markets , Economy , Earnings
Referenced Symbols: MBT ,

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