MOSCOW Aug 28 Russian oil-to-telecoms
conglomerate Sistema said on Thursday its
second-quarter net profit fell 3.7 percent, year-on-year, due to
a one-off gain a year ago.
Sistema, whose biggest assets are majority stakes in
Russia's top mobile operator MTS and mid-sized oil firm
Bashneft, reported a net profit of $509.6 million,
down from $529.1 million a year ago but up 47.7 percent compared
to the year-ago net profit adjusted for the one-off gain.
Revenue rose 4.2 percent to $8.8 billion, while adjusted
operating income before depreciation and amortisation (OIBDA)
declined 1.2 percent to $2.1 billion, Sistema said in a
(Reporting by Maria Kiselyova; Editing by Vladimir Soldatkin)