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MTS reported financial results for the 2nd quarter 2011

Telecommunications operator MTS has announced its consolidated financial and operating results for the second quarter of 2011 ended June 30, 2011.

The main financial results of the second quarter 2011 :

Consolidated revenues of the MTS Group, denominated in U.S. dollars, grew up in the second quarter of 2011 by 7% compared with first quarter 2011 to $ 3.128 billion.
Consolidated OIBDA of MTS Group in the second quarter of 2011 increased 16% to $ 1.303 billion compared to the first quarter of 2011, including in Russia, the major market groups, the quarterly growth of OIBDA up 12%, Ukraine - 18% .
OIBDA margin in the second quarter of 2011 by the MTS Group was 41.6%, after rising by 3.2 percentage points a quarterly basis. In Russia, this figure rose by 3.6 percentage points to 42.7% in Ukraine, by 3.7 percentage points to 48.4%.
The consolidated net profit of MTS in the second quarter of 2011 increased by 14% for the quarter and totaled $ 367 million.
Net cash flow for the first half 2011 amounted to $ 848 million.
Revenue from data services in Russia has grown over the year and a half times to 5.8 billion rubles in the second quarter of 2011, in Ukraine the growth of this indicator for the year amounted to 74% in the second quarter, growth in Uzbekistan from data services in the second quarter amounted to 107% on an annualized basis.

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