Date: 7 months ago   Category: IT & Media

MTS was recorded by a multi-billion loss because of investigation in the USA — Rambler News Service


Photo: Evgeny of Biyatov/RIA Novosti the Group of MTS received net loss of 37 billion rubles in the III quarter 2018 against net profit in 18 billion rubles for the same period passed years, it is told in the reporting of the company under IFRS. The loss arose because of a reserve of 55.8 billion rubles which is created in connection with investigation of the U.S. Securities and Exchange Commission and Ministry of Justice of the USA of activity of MTS in Uzbekistan. Without a reserve quarter net profit would be 18.7 billion rubles, it is told in the presentation of MTS. "In the report for the III quarter of MTS reflected a reserve of 55.8 billion rubles as the potential obligation in connection with the continuing investigation of the U.S. Securities and Exchange Commission and U.S. Department of Justice to earlier carried out activity of MTS in Uzbekistan. The group continues cooperation on the questions connected with investigation. Nevertheless, now there is no confidence in the relation of a form, terms and conditions of possible permission of investigation" — reported in the press service of the company. Revenue of group in the reporting period grew by 11.7% from 114.6 billion rubles to 128 billion rub. Revenue in Russia increased by 12%: from 106.3 billion rubles in the 3rd quarter 2017 up to 119.1 billion rubles in the 3rd quarter 2018. The positive contribution to dynamics of revenue was also made by consolidation of indicators of "MTS Bank" (about 4 billion rubles). Corrected by OIBDA grew by 19.3% from 46.6 billion rubles the 3rd quarter 2017 prior to 55.5 billion rubles in a quarter 2018. The revenue of operator from mobile services in Russia grew by 1.9% — from 79.2 to 80.7 billion rubles. At the same time the proceeds from the fixed services decreased by 1.5% — from 15.1 to 14.9 billion rubles. "Delay of dynamics of growth of mobile revenue up to 1.9 percent is connected with effect of high base in the 3rd quarter 2017 and cancellation of intra network roaming" — it is said in the statement of the company. Capital expenditure of group in the 3rd quarter made 21.2 billion rubles at a ratio of capital expenditure to revenue at the level of 16.6%. Capital expenditure for the first 9 months 2018 made 55.4 billion rubles without payments for licenses in Ukraine. The net debt of group for the 3rd quarter grew by 22.5% in comparison with the same period of last year, having made 226.9 billion rubles. In 2014 the American Ministry of Justice and the U.S. Securities and Exchange Commission (SEC) suspected MTS, Vimpelcom and TeliaCompany of corruption communications with structures, presumably, close to the daughter of the ex-president of Uzbekistan Gulnara Karimova. MTS for the first time has come into Uzbekistan in 2004, having bought 33% of Uzdunrobita for $100 million from the Gibraltar Swisdorn connected with "the close relative of the president of Uzbekistan" it was told in documents of office of federal court in the Southern federal district of New York. MTS bought others to 41% for $21 million from the unnamed seller from the USA. In 2007 MTS redeemed from Swisdorn the remained 26% of Uzdunrobita already for $250 million. And in 2008-2009 transferred $30 million more to the Gibraltar Takilant too connected with "the close relative of the president of Uzbekistan", g

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