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.