MTS Q3 Net Profit Down 10.4% - Quick Facts

(RTTNews) - Russia-based telecom services provider Mobile TeleSystems OJSC (MBT) posted 10.4 percent lower third-quarter 2013 net income attributable to the group of 18.08 billion rubles, versus 20.18 billion rubles last year. Quarterly total earnings per share attributable to the Group slid to 9.09 rubles, from 10.15 rubles reported a year back.

However, consolidated revenues for the three months were up 4% year-over-year to 103.39 billion rubles, from 99.44 billion rubles.

Looking forward, the company reaffirmed its fiscal 2013 Group revenue growth guidance of at least 5%; with the key factors including growth in data revenues through rising penetration of smartphones and modems; lower sales of handsets due to reduced sales of high-value devices; absence of any 3G licenses in Ukraine; and macroeconomic developments in core markets.