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MBT - Mobile TeleSystems Q4 And Full-Year Results: New Dividend Policy New Troubles
Mobile TeleSystems PJSC
Company Overview
Mobile TeleSystems' (or MTS) (MBT) net profit under IFRS in the fourth quarter of 2018 grew by 31.8% Y-o-Y, amounting to 14.23 billion rubles ($221 mln). The company's revenue in 4Q18 reached 130.1 billion rubles ($2 bn), an increase of 11.4% compared to 4Q17. Adjusted OIBDA increased by 23% Y-o-Y, reaching 55.6 billion rubles ($868 mln).
The company also reports that in the fourth quarter it has reserved $850 million to pay the Uzbekistan case fine. In my previous article, I mentioned that the company had reserved this sum, so