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BRIEF-Russia's MTS says Q1 net profit down 14 pct y/y
May 23, 2017 / 12:02 PM / in 7 months

BRIEF-Russia's MTS says Q1 net profit down 14 pct y/y

May 23 (Reuters) - Russia’s biggest mobile operator MTS (Mobile TeleSystems) says:

* Q1 net income at 12.5 billion roubles ($221.3 million) vs 14.5 bln roubles in Q1 2016;

* Q1 revenues at 104.7 bln roubles, down 1.1 pct year on year;

* Q1 OIBDA at 41.8 bln roubles, up 1.8 pct yr/yr;

* Q1 OIBDA margin at 40.0 pct vs 38.8 pct in Q1 2016;

* Free cash flow at 22.9 bln roubles, up 11.4 pct y/y;

* Full-year 2017 outlook for revenue and adjusted OIBDA growth rate at +2 pct/-2 pct confirmed;

* Rosneft’s lawsuit against MTS’ parent company Sistema has no impact on MTS’ operational activity, strategy or dividend payments. Further company coverage: ($1 = 56.4875 roubles) (Reporting by Moscow Newsroom)

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