MTS Group OIBDA margin increased to 44% in the 2nd quarter of 2012

The mobile operator MTS has announced its consolidated financial and operating results for the second quarter of 2012, ended June 30, 2012, where the main financial indicators of the second quarter of 2012 are as follows:

Consolidated revenue MTS, denominated in U.S. dollars in the second quarter of 2012 increased by 3.6% qoq to U.S. $ 3.122 billion, and did not change year on year.
Adjusted OIBDA for the MTS Group in the second quarter of 2012 increased by 9.1% qoq and 5.4% year on year to $ 1.374 billion
OIBDA margin in the second quarter of 2012 on the MTS Group grew to 44% from 41.6% a year earlier.
The consolidated net profit of MTS Group in the second quarter of 2012, excluding spisany was $ 357.5 million Given the amount of write-offs of $ 1.08 billion in the second quarter of 2012 due to the depreciation of the asset in Uzbekistan adjusted net loss of MTS Group was $ 682 million
Free cash flow for the first six months of 2012 amounted to $ 1.1 billion
The ratio of net debt / OIBDA for the second quarter of 2012 decreased to 1.1 x 1.3 x from the beginning of year by optimizing the portfolio and improve operating performance of the company.
In Russia, the main market of the MTS Group's revenue for the second quarter of 2012 increased by 9% year on year to 82.8 billion, while revenue from the mobile business increased by 10% to 69.3 billion rubles. OIBDA increased year on year by 13.7% to 36.9 billion rubles. Profitability of MTS in Russia increased by 1.9 pp to 44.6%.
In Russia, in the second quarter of 2012, the rate of ARPU increased by 12% to 297 rubles,'s MOU increased by 15% to 309 minutes. The level of churn in the annual and quarterly basis decreased by 0.8 pp to 10.5%.
Domestic revenue in local currency for the second quarter of 2012 increased by 7.2% to 2.4 billion hryvnia, OIBDA growth of 15% to 1.2 billion hryvnia. OIBDA margin increased by 3.5 pp to 52%.
As stated by the operator on the write-off of assets of MTS in Uzbekistan, he vehemently denies any alleged violations of the law committed by it, in which it is accused of various public authorities in Uzbekistan, challenges and will continue to challenge the validity of these allegations. At the same time, MTS faithfully fulfilled the above-mentioned judgments and closed down all operations in Uzbekistan. Given the impact of these conditions on the company's ability to carry out operations in Uzbekistan, MTS has determined that the long-term assets in Uzbekistan to be impaired and an impairment charge of $ 579 million will be reflected in the financial statements of the company for the second quarter of 2012, ended June 30, 2012. In addition, MTS recorded a reserve of $ 500 million for tax and antitrust liability that may arise as a result of various legal proceedings taking place in Uzbekistan.