On Wednesday, Shares of Mobil’nye Telesistemy PAO (ADR) (NYSE:MBT), included 4.79% and shut at $7.66 inside the end purchasing and offering session. The last exchanging scope of the stock ranges amongst $7.22 and $7.67. Mobile TeleSystems PJSC (“MTS”) (NYSE: MBT; MOEX: MTSS), the leading telecommunications provider in Russia and the CIS, recently declares its unaudited IFRS financial results for the three months ended September 30, 2016.
Key Financial Highlights of Q3 2016
Merged group revenue reduced by 1.3% y-o-y to RUB 112.2 bln
Total revenue in Russia reduced by 0.8% y-o-y to RUB 103.1 bln
Group adjusted OIBDA down 5.1% y-o-y to RUB 45.7 bln
OIBDA in Russia down 3.0% y-o-y to RUB 43.2 bln
Group net profit fell 12.8% y-o-y to RUB 12.6 bln
Sales of goods in Russia raised by 8.0% y-o-y to RUB 13.6 bln
Total subscriber base raised by 2.5% to 108.8 mln
MTS’s proprietary retail network in Russia raised to 5,998 stores
Revenue in Ukraine raised by 11.2% y-o-y to UAH 2.9 bln
Total Group debt fell to RUB 267.9 bln as Net Debt/LTM Adjusted OIBDA remained stable at 1.1x
Shares of Citizens Financial Group Inc (NYSE:CFG), added 1.50% and shut at $32.40 inside the last exchanging session. The rest of the purchasing and offering scope of the stock levels among $31.82 and $32.63. The association’s commercial center capitalization is $16.83 Billion with the general uncommon loads of 511.88 million. Citizens Financial Group, Inc. operates as the bank holding company for Citizens Bank, N.A. and Citizens Bank of Pennsylvania that provide retail and commercial banking products and services in the United States. It operates through two segments, Consumer Banking and Commercial Banking. The Consumer Banking segment focuses on retail customers and small businesses with traditional banking products and services, counting checking, savings, home loans, student loans, credit cards, business loans, and financial administration services. This segment also provides indirect auto finance for new and used vehicles through auto dealerships. The Commercial Banking segment provides various financial products and solutions, counting loans, leases, trade financing, deposits, cash administration, foreign exchange, interest rate risk administration, corporate finance, and capital markets advisory capabilities. It focuses on small and middle-market companies, and serves government banking, not-for-profit, healthcare, technology, asset finance, franchise finance, asset-based lending, commercial real estate, private equity, and sponsor finance industries. As of December 31, 2015, the company operated through 1,200 branches in 11 states across the New England, Mid-Atlantic, and Midwest regions, in addition to online, telephone, and mobile banking platforms. It also maintains about 100 retail and commercial non-branch offices located in its banking footprint and in other states, and the District of Columbia.