21 Aug 2019
The Belarusian and Armenian arms of Russian mobile powerhouse MTS recorded strong second-quarter performances, according to details published by the parent group yesterday (20 August).
MTS’ non-consolidated MTS Belarus unit reported ‘solid top-line’ results in April-June 2019, with revenue increasing 18.1% year-on-year to BYN251.4 million (USD122.4 million), up from BYN212.9 million, driven by rising data consumption and ‘robust’ retail sales. Operating profit improved by BYN13 million to BYN96.0 million – with a margin of 38.3% – while operating income before depreciation and amortisation (OIBDA) saw double-digit growth of 13.3% on an annualised basis to BYN135.8 million on the back of the rise in mobile revenues; OIBDA margin was 54.0%, down 2.3pp y-o-y. Net profit, meanwhile, reached BYN77.3 million in 2Q19, compared to BYN71.7 million in the year-ago period as MTS Belarus increased its mobile subscriber base 4% y-o-y to 5.6 million.
MTS Armenia (branded VivaCell-MTS) booked revenue of AMD13.782 billion (USD29.0 million) in the three-month period under review, down from AMD14.275 billion y-o-y, but operating profit climbed AMD736 million to AMD1.895 billion and net profit of AMD477 million reversed a net loss of AMD1.928 billion in April-June 2018. Adjusted OIBDA in 2Q19 stood at AMD6.787 billion, compared to AMD6.400 billion previously with an OIBDA margin of 49.2% (2Q18: 44.8%). The cellco closed out June 2019 with a total of 2.149 million mobile subscribers, up 2% y-o-y, from 2.108 million.