Russian mobile firm MTS reports 11% net profit rise in Jan.-Sept.

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MOSCOW, November 13 (RIA Novosti) - Russian cell phone operator MTS [RTS: MTSS] said on Thursday its US GAAP net income increased 10.7%, year-on-year, in January-September 2009 to $1.79 billion.

Russia's largest mobile phone company, which has more franchises in Central and Eastern Europe than any other operator, said its revenues in the reporting period grew 32.1% to $7.83 billion.

OIBDA (operating income before depreciation and amortization) climbed 28.5% to $3.98 billion and the OIBDA margin stood at 50.8%.

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