26 Aug 2010 15:06

MTS sees Q2 US GAAP earnings fall 38.7% to $354 mln, above forecast

MOSCOW. Aug 26 (Interfax) - Mobile TeleSystems (MTS) reduced net profit to US GAAP 38.7% year-on-year in Q2 2010 to $354 million, the telco said in a statement.

Sales revenue grew 16.6% to $2.772 billion, OIBDA rose 11.7% to $1.235 billion and the OIBDA margin fell to 44.5% in Q2 2010, from 46.5% a year previously.