MOSCOW, Aug 18 (Reuters) – Russia’s biggest mobile operator MTS (MTSS.MM) on Thursday reported a 36.4% year-on-year drop in second-quarter net profit to 10.9 billion roubles ($185.53 million) as group revenues edged slightly higher to 127.8 billion roubles.
“In the second quarter of 2022, MTS largely adapted to the new macroeconomic environment,” President and CEO Vyacheslav Nikolaev said in a statement published online.
MTS said pressure on profits came in part from increased financing costs and greater MTS Bank provisions.
($1 = 58.7500 roubles)
Reporting by Reuters
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