MOSCOW, June 15 (RIA Novosti) - MTS [RTS: MTSS], Russia's largest mobile phone operator, said Thursday its net profit for January-March 2006 had declined 20.7% year on year, to $184.4 million.
MTS posted a U.S. GAAP net profit of $1.13 billion in 2005, a 14% increase on 2004.