By Olga Razumovskaya
MOSCOW--OAO Mobile TeleSystems's third-quarter net profit fell 12.8% on the year to 12.6 billion rubles ($195 million), in part because Russia's biggest telecoms company has stopped working in Uzbekistan and currencies in its countries of operation have weakened against the ruble.
The company said third-quarter revenue stood at RUB112.2 billion, 1.3% lower than in the corresponding period a year before. This is the first on-the-year decline in revenue this year.
"Macroeconomic factors and rough competition continue to impact the company's operational activity in many regards," Andrei Dubovskov, the company's chief executive, said.
MTS's third-quarter adjusted operating income before depreciation and amortization fell 5.1% to RUB 45.7 billion. Oibda dynamics had a negative impact on net profit, the company said.
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(END) Dow Jones Newswires
November 17, 2016 07:14 ET (12:14 GMT)
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