MegaFon Q1 revenues up 2.6%

21 Jun 2018

Russia’s MegaFon has posted a 2.6% year-on-year rise in its total telecoms sector revenues to RUB76.459 billion (USD1.201 billion) in the first quarter of 2018, helped by underlying mobile data turnover which grew 11% y-o-y. EBITDA increased by 5.3% y-o-y to RUB30.566 billion in January-March 2018, raising the EBITDA margin by one percentage point compared to the year-ago quarter, to 40.0%. Telecom segment Q1 net profit increased by 57.2% y-o-y to RUB6.037 billion, and MegaFon invested CAPEX of RUB8.491 billion in the three-month period, 4.2% higher than in the same quarter last year. The group’s total number of mobile connections decreased by 1.4% y-o-y to 76.2 million at 31 March 2018.

Russia, MegaFon