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Russia's MTS Q4 net profit up 39 pct, beats fcast
March 19, 2013 / 11:06 AM / in 5 years

Russia's MTS Q4 net profit up 39 pct, beats fcast

MOSCOW, March 19 (Reuters) - MTS, Russia’s top mobile phone operator, reported on Tuesday a 39 percent year-on-year rise in fourth-quarter net profit to $547.3 million, beating market expectations.

The company also said it expects to pay more than $1 billion in dividends on 2012 earnings if its board approves a new dividend policy at a meeting at the end of April.

MTS, part of oil-to-telecoms conglomerate Sistema, said in November it aimed to link dividend payments to free cash flow. It currently bases dividends on net profit.

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