Russia's Sistema Q1 net profit rises 3.5 pct yr/yr

MOSCOW, June 3 Tue Jun 3, 2014 3:00am EDT

MOSCOW, June 3 (Reuters) - Russian oil-to-telecoms conglomerate Sistema reported on Tuesday a 3.5 percent year-on-year increase in first-quarter net profit to $363.3 million.

The company also said its revenues fell 1.6 percent to $8.2 billion and adjusted operating income before depreciation and amortisation (OIBDA) decreased 3.7 percent to $1.9 billion. (Reporting by Maria Kiselyova; Editing by Megan Davies)