Net profit AFK “System” under IFRS in the third quarter increased 12.5 times
Adjusted net profit of Sistema JSFCAFKS under IFRS in the third quarter of 2016 has been increased by 12.5% compared to the same period last year to 6 billion rubles, said in a statement.
These were better than the consensus forecast, compiled by RIA Novosti on the basis of the expectations of analysts, who had forecast the figure at 3,533 billion.
AFC’s consolidated revenues in the reporting period rose 1.3% to 185,2 billion rubles (more than forecast in 184,386 billion).
Adjusted OIBDA grew by 8.7% to 56.4 billion rubles. The result also topped the consensus forecast (51,893 billion). The OIBDA margin amounted to 30.5% compared to 28.5% for the same period of 2015.