MOSCOW Nov 21 Russian oil-to-telecoms
conglomerate Sistema reported on Wednesday a
net profit of $532.2 million for the third quarter, up 67
percent from a year ago.
Net income, excluding an impairment charge related to
Sistema's Indian operations, doubled year-on-year to $653.2
million, Sistema said in a statement.
The company, whose biggest assets are Russia's top mobile
phone operator MTS and mid-sized oil producer Bashneft
, also said revenues rose 1 percent to $8.8 billion,
impacted by a weaker rouble - its main operating currency -
against the dollar.
Underlying revenues were up 11.3 percent in rouble terms.
Sistema also said it would recommend a substantial increase
in dividend payout from its 2012 profits.