MTS reports double digit revenue growth

16 Aug 2005

Mobile Telesystems (MTS) has reported a turnover of RUB30.66 billion for the first six months of 2005, up 17.3% on the same period of 2004. Gross profit climbed from RUB17.12 billion to RUB19.72 billion, although net earnings slipped 13.2% to RUB5.39 billion. Across its subsidiaries in Russia, Belarus, Ukraine and Uzbekistan, MTS claimed a customer base of 38.7 million at the end of June.

Russia, Mobile TeleSystems (MTS)