Sunday, 16 December 2018

MegaFon posts net profit growth, but marketing spend hits OIBDA

By Mary Lennighan, Total Telecom
Thursday 29 October 15

Russian operator reverses declines in some key metrics but warns macroeconomic climate will remain challenging.

MegaFon on Thursday posted a strong set of third quarter financials, including growth in net profit, although its operating income fell as marketing costs grew. The Russian operator saw net profit rise by 4%year-on-year in the three months to the end of September to 13…

MegaFon on Thursday posted a strong set of third quarter financials, including growth in net profit, although its operating income fell as marketing costs grew. The Russian operator saw net profit rise by 4%year-on-year in the three months to the end of September to 13…

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