The mobile communications operator Ukrainian Mobile Communications rendering services under the MTS brand finished 2010 with a net profit of UAH 752 million.
In 2010 the operator increased its net revenues by 4.1% to UAH 8.511 million, comparing with 2009.
The company notes that growth in revenues and control over the cost-efficiency helped to ensure high profitability of the company’s business.
MTS’s OIBDA (Operating Income Before Depreciation and Amortization) rose by 7.4% to UAH 3,955 billion and margin went up by 1.5 p.p. having amounted 46.5%, compared with 2009.
As Ukrainian News earlier reported, the company finished 2009 with a net profit of UAH 640.3 million, and decreased its net revenues by 4.9% or UAH 421.5 million, comparing with 2008, to UAH 8,172.7 million.
MTS’s OIBDA amounted to UAH 3,681.3 million in 2009.
100% of the shares in the Ukrainian Mobile Communications belong to the MTS company (Russia).