Profit of “MegaFon” in the third quarter of 2010 increased by 23.1%| 25.11.2010
The profitability of MegaFon in the third quarter of this year decreased by almost 4 percentage points compared with the previous year and amounted to 46.1 per cent. Falling profitability and the MTS for the July—September figure
the OIBDA margin was 45% (down 1 PP). Both operators carried away with the pursuit of subscribers, which is reflected in business performance, experts say.
For the third quarter of MegaFon increased its net profit by 23.1% to RUB 14 bn, compared to RUB 11.4 billion in the same period of 2009. Consolidated revenues of MegaFon grew by 21.3%,
to 57,57 bn, free cash flow for the first nine months of 2010 reached 29.3 billion RUB OIBDA of the operator has grown at an annual rate of 12.6 percent to 26,538 billion.
Source: Kommersant
