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BRIEF-Russia's Megafon posts 5.6 bln rbl net profit in Q2 before Euroset charge
August 30, 2017 / 6:19 AM / a month ago

BRIEF-Russia's Megafon posts 5.6 bln rbl net profit in Q2 before Euroset charge

Aug 30 (Reuters) - Russian mobile operator Megafon says:

* Q2 net profit, attributable to equity holders of the company, excluding a non-cash impairment charge, decreased by 22.2 percent y-o-y to 5.6 billion roubles;

* Writes-off a non-cash impairment charge in the amount of 15.9 billion roubles in connection with its investment in the Euroset joint venture;

* Q2 revenue increased by 13.9 percent y-o-y to 89.7 billion roubles;​

* Q2 OIBDA increased by 15.8 percent y-o-y to 34.2 billion roubles;​

* Q2 OIBDA margin was 38.2 pct versus 37.5 pct in Q2 2016;​

* Group free cash flow to shareholders increased by 100.5 percent y-o-y to 9.9 billion roubles;​

* Reiterates its service revenue growth forecast for 2017 to be flat to low single digits and expects OIBDA to be in the range of 112-118 billion roubles;

* Sees capital expenditures for 2017 in the range of 55-60 billion roubles.​ Source text for Eikon: Further company coverage: (Reporting by Moscow Newsroom)

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