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Mobile Telesystems revenue, underlying profit beat in Q2

Published 08/28/2017, 11:38 AM
© Reuters.  Mobile Telesystems revenue, underlying profit beat in Q2
MBT
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  • Mobile TeleSystems (NYSE:MBT) has traded around the flat line so far today, now -0.2%, after posting Q2 results where revenue inched up and topped expectations.
  • Group OIBDA was up 8.2%, to 44B rubles, beating an expected 42.8B rubles.
  • Mobile subscribers rose 1.1% to 108.8M total; in Russia, subscribers rose to 79M from 77.8M, and in Ukraine, subscribers rose to 20.9M from 20.8M.
  • After a strong half, the company's boosting full-year guidance for group OIBDA to 4%-plus growth for the full year as a "step-up in consumer and business sentiment, as well as relative macroeconomic stability in H1 2017, gives us confidence."
  • It's affirming revenue guidance of -2% to +2% and has lowered its capex forecast to 75B rubles due to a stronger ruble than anticipated.
  • Press Release
  • Now read: Top Yield Communication Services Dividend Dog Was Windstream As Of Aug. 1. Now It's NO WIN.


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