Business

Russian mobile firm MegaFon posts 4% profit rise in 1H09

In Megafon office in Moscow

17:11 07/09/2009

Related News

MOSCOW, September 7 (RIA Novosti) - MegaFon, Russia's third largest mobile operator, said on Monday its U.S. GAAP net profit grew 4% year-on-year in January-June 2009 to 20.1 billion rubles ($638 million).

MegaFon, which was established in 2002, said its revenues in the reporting period increased 7.3% to 86.1 billion rubles ($2.7 billion), and earnings before interest, taxes, depreciation and amortization (EBITDA) rose 5.3% to 41.58 billion rubles ($1.3 billion).

"By the end of the current period we managed to reverse the negative trends which were evident at the beginning of this year," MegaFon said in a statement.

MegaFon had 45.8 million subscribers in Russia in at the end of June 2009.

Add to blog
Send to friend
Share

Add to blog

You may place this material on your blog by copying the link.

Publication code:

<div style="border:1px solid #d3d3d3; padding:17px 0 0px 17px; background:#ffffff; width:510px;"><div style="width:100%; overflow:hidden;"><a target="_blank" href="http://en.rian.ru/business/20090907/156049956.html" style="text-decoration:none;"><img src="http://en.rian.ru/i/eng/logo_sml.gif" alt="RIA Novosti" title="RIA Novosti" style="float:left; margin-right:10px;" border="0" /></a><a target="_blank" href="http://en.rian.ru/business/20090907/156049956.html"><img src="http://en.rian.ru/images/15528/72/155287241.jpg" width="120" height="83" border="0" alt="In Megafon office in Moscow" style="float:right;padding:0px 15px 5px 0px;" /></a><a target="_blank" href="http://en.rian.ru/business/20090907/156049956.html" style="color:#000000;text-decoration:none;display: block; margin: 0 10px 0 0 ;"><strong style="font:19px Georgia,Arial,sans-serif; line-height:16px; font-weight:bold;">Russian mobile firm MegaFon posts 4% profit rise in 1H09</strong></a><p style="font:13px Georgia,Arial,sans-serif; padding:5px 153px 0px 0;"><span style="color:#5590bf;">17:11</span> <span style="color:#5590bf; padding-right:7px;">07/09/2009</span> <span style="font-size:12px;">MegaFon, Russia's third largest mobile operator, said on Monday its U.S. GAAP net profit grew 4% year-on-year in January-June 2009 to 20.1 billion rubles ($638 million).<a target="_blank" style="color:#335f86; padding-left:10px; text-decoration:underline;" href="http://en.rian.ru/business/20090907/156049956.html" title="Russian mobile firm MegaFon posts 4% profit rise in 1H09">>></a></span></p><div style="padding:6px 0 15px 30px; font:10px Verdana,sans-serif;"><a target="_blank" style="color:#114472; text-decoration:underline;" href="http://en.rian.ru" title="RIA Novosti">Other news of the day</a></div></div></div>

Preview:

Russian mobile firm MegaFon posts 4% profit rise in 1H09

17:11 07/09/2009 MegaFon, Russia's third largest mobile operator, said on Monday its U.S. GAAP net profit grew 4% year-on-year in January-June 2009 to 20.1 billion rubles ($638 million).>>

Other news of the day