16 June 2004 02:01
MTS boosts net profit in Q1
MOSCOW. June 16 (Interfax) - Mobile TeleSystems (MTS), a major Russian mobile phone operator, posted net profit to
U.S. GAAP of $207.8 million in the first quarter of 2004, up 159.1% year-on-year and 36.1% up on the fourth quarter of
2003, the company said in a press release.
Average monthly Revenue Per User (ARPU) was $14.7, against $18.5
the previous year and $16.3 the previous quarter in Russia and $14,
Revenue grew 81.3% year-on-year to $808.7 million.
$15.9 and $15.4, respectively, in Ukraine. Subscriber acquisition cost (SAC) was $23 in Russia, compared with $30 the
previous year and $24 in the fourth quarter, and $25 in Ukraine, against $51 and $26, respectively.
MTS spent $213.4 million in the first quarter, of which $31.6 million was spent in Ukraine.
Net profit was higher than analysts had forecast, while revenue and ARPU were more accurately predicted. [RU ASIA
EUROPE EEU EMRG TEL RES CORA] me
[Interfax] |
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