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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Mobile TeleSystems Public Joint Stock Company | NYSE:MBT | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 5.50 | 0 | 01:00:00 |
By Olga Razumovskaya
MOSCOW--Russian conglomerate AFK Sistema (AFKS.RS) said Wednesday its net profit, not including one-offs, almost doubled in the third quarter to $653.2 million, boosted by net income increases at its telecommunications company Mobile TeleSystems (MBT) and oil producer Bashneft (BANE.RS).
Revenue at Sistema, which is controlled by billionaire businessman Vladimir Yevtushenkov, rose 1% to $8.8 billion.
Operating income before depreciation and amortization, or Oibda, rose 10.4% on the year, to $2.4 billion.
"As we look forward into 2013, Sistema is on track to deliver on its strategy, add exciting value accretive projects to its portfolio and reward shareholders through a progressive dividend story," Sistema Chief Executive Mikhail Shamolin said.
Write to Olga Razumovskaya at olga.razumovskaya@dowjones.com
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