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MegaFon increased revenue for the third quarter by 6% – RBC

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Photo: Vladislav Shatilo / RBK

Photo: Vladislav Shatilo / RBK

In the third quarter, MegaFon’s revenue increased by 6.2% compared to the same period last year and amounted to 91.8 billion rubles. This is stated in the company’s message received by RBC.

At the same time, revenue from the provision of services increased by 4.6%, and from the sale of equipment and accessories – by 20.3%. In the total, service revenue accounted for 89% or RUB 81.69 billion.

OIBDA decreased by 1.3% to 39.4 billion rubles, while its profitability decreased by 3.3 percentage points, to 42.8%. The company explains the dynamics by an increase in advertising, personnel and rental costs in connection with the restoration of the work of telecom shops and the return of employees to offices from remote locations.

MegaFon’s net profit grew by 3.3%, reaching RUB 13.5 billion. Net debt decreased by 15.6 billion, to 286.3 billion rubles.

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