Edition:
United Kingdom

Russia's MTS improves 2019 core profit outlook


Thursday, 23 May 2019 

May 23 (Reuters) - Russia's biggest mobile phone operator MTS MBT.N says::Expects its 2019 operating income before depreciation and amortisation (OIBDA) to be stable, compared with its previous guidance for a slight decline in OIBDA..Confirms 2019 revenue growth forecast of about 3%..Sees 2019 capital expenditures at 90 billion roubles ($1.39 billion), taking into account the cost of implementing the "Yarovaya law", a package of anti-terrorism legislation dubbed after Irina Yarovaya, one of its sponsors in parliament..Q1 2019 net profit rose 14.1% year on year to 17.6 billion roubles..Q1 revenue increased 9.4% year on year to 118 billion roubles. .Q1 adjusted OIBDA grew 6% year on year to 55.3 billion roubles. .Q1 adjusted OIBDA margin fell to 46.8% from 48.3% in Q1 2018..The company in May completed its share buyback programme, having repurchased 5.68% of its share capital. .