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MBT Mobile TeleSystems Public Joint Stock Company

5.50
0.00 (0.00%)
Pre Market
Last Updated: 01:00:00
Delayed by 15 minutes
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

AFK Sistema Profit Doubles on Telecoms, Oil Income

21/11/2012 8:57am

Dow Jones News


Mobile TeleSystems Publi... (NYSE:MBT)
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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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