Reuters logo
Russia's MTS Q4 net income up 16 pct, beats fcast
March 18, 2014 / 11:00 AM / in 4 years

Russia's MTS Q4 net income up 16 pct, beats fcast

MOSCOW, March 18 (Reuters) - Russia’s top mobile phone operator MTS reported on Tuesday a 16 percent rise in fourth-quarter net profit, beating forecasts, and reiterated guidance for the current year.

Net profit for the telecoms group, part of conglomerate Sistema, was 19.75 billion roubles ($544.1 million)compared to an average forecast of 14.8 billion roubles in a Reuters poll and 17 billion the year earlier.

Revenues rose 6.4 percent to 104.75 billion roubles, the company said in a statement. It reiterated its 2014 sales growth forecast of 3-5 percent compared to 5.3 percent last year.

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below