Russia's MTS posts $881 mln Q2 profit, beats f'cast
MOSCOW Aug 20 (Reuters) - Top Russian mobile phone operator MTS posted second quarter earnings of 29 billion roubles ($881 million) after a year-ago loss, beating analysts' expectations, the company said on Tuesday.
New York-listed MTS, part of oil-to-telecoms conglomerate Sistema, said in June it would book a $320 million gain this quarter from the settlement of a dispute over the 51-percent stake it bought in Kyrgyz operator Bitel in 2005.
On Tuesday, MTS also said its revenues added 5 percent to 97.5 billion roubles year-on-year, while operating income before depreciation and amortization (OIBDA) was up almost 10 percent to 44.4 billion roubles.
The OIBDA margin stood at 45.5 percent and the company raised its full-year forecast to 43 percent from a previous 41-42 percent, it said.
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