MTS in the second quarter of 2009 recorded growth of key financial indicators

Mobile operator MTS today announced consolidated financial and operating results for the second quarter of 2009 ended 30 June 2009.

Key financial indicators of the second quarter of 2009:

� Consolidated revenues of the Group, denominated in U.S. dollars, increased by 11.8% in quarterly terms, to $ 2.022 billion due to growth in subscriber base, increasing the use of voice and value-added services, seasonal factors and the strengthening of national currencies.
� In the second quarter of 2009, revenues of MTS, denominated in national currencies has risen in the quarterly calculation: in Russia - by 8.9% to 51.02 billion rubles and in Ukraine - by 5.6% to 1.98 billion hryvnia; in Turkmenistan at 15,4% to 107,3 million manat, in Armenia - by 9.5% to 19.53 billion drams.
� Consolidated OIBDA ratio increased by 14,7% compared with the first quarter of 2009 to $ 953.8 million due to higher revenues, strengthen the national currency and control costs.
� OIBDA margin was 47.2%, with OIBDA margin excluding the impact of retail was 50.6%.
� Consolidated net profit was $ 563.0 million against loss of $ 57.7 million quarter earlier, due to higher earnings, financial planning and to strengthen the ruble against the U.S. dollar in quarterly terms.
� Revenues from data in national currency grew faster in the major markets of the Group: in Russia the growth in quarterly terms, amounted to 11%, Ukraine 22%.
� The average monthly traffic per subscriber (MOU) in quarterly terms, increased in all markets of the Group: in Russia - 5% to 216 minutes, in Ukraine - 3% up to 441 minutes, in Uzbekistan - 21% up to 501 minutes; Turkmenistan - 6% up to 239 minutes, in Armenia - by 6% to 182 minutes.
� Cash and cash equivalents at the end of the first half of 2009 increased to $ 1.552 billion from $ 1.163 billion for the same period last year.