MTS Records UAH 208.3 Million Profit For Q2

mtsThe MTS Ukraine mobile communications operator working under the MTS brand name, recorded a net profit of UAH 208.3 million for the April-June period of 2010, reads a statement made by the operator.

In the second quarter the company’s net income rose by UAH 8.59% or by UAH 169.7 million to UAH 2,146.4 compared with the same period of 2009.

The income rose by 11.68% or UAH 224.5 million, compared with the first quarter of 2010.

OIBDA indicator rose by 12.68% or UAH 114.5 million against the same period of 2009, and made up UAH 1,004.9 million.

Average revenue per user (ARPU) made UAH 39.5 in the second quarter.

While commenting the financial results, director general of the company Andrii Dubovskov noted that

the increase in profitability is a result of income growth, as well as the company’s actions to improve cost-efficiency, investments and business processes.

As Ukrainian News earlier reported, MTS recorded a net profit of UAH 59.6 million for the January-to-March quarter of 2010, increasing its revenues by 2.6% or by UAH 49.2 million to UAH 1,921.9 million, compared with the same period of 2009.

MTS finished 2009 with a net profit of UAH 640.3 million. In 2009, the operator decreased its net revenues by 4.9% or UAH 421.5 million, comparing with 2008, to UAH 8,172.7 million.

Mobile Telesystems (MTS) of Russia owns 100% of the shares in MTS Ukraine.

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