MTS Ends 2010 With Profit Of UAH 752 Million

The mobile communications operator Ukrainian Mobile Communications rendering services under the MTS brand finished 2010 with a net profit of UAH 752 million.

Ukrainian News learned this from a statement by the operator.

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).

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