Russia's MTS Q3 net profit falls, trims sales view

Reuters

MOSCOW, Nov 19 (Reuters) - MTS, Russia's top mobilephone operator, reported on Tuesday a 14 percent year-on-yeardrop in its third-quarter net profit, after the year-earlierresult was boosted by one-off gains.

The company said its net profit was 18.1 billion roubles($556.2 million) in the July through September period, comparedwith 21 billion the year earlier when it recorded a $100 millionforeign exchange gain.

After adjusting for one-off items, the net profit was up 3percent, year-on-year. Analysts, polled by Reuters, forecast anet profit of 18.4 billion roubles.

The company also downgraded its full-year revenue guidanceand now expects growth of at least 5 percent, compared to itsprevious 5-7 percent forecast. Third-quarter revenues rose 4percent, year-on-year, MTS said in a statement.

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