OREANDA-NEWS. PJSC “MegaFon” (“MegaFon”, or the “Company”) (LSE: MFON), a leading Russian telecommunications operator, announces its unaudited consolidated financial results1 for the third quarter and the first nine months of 2015.

Key Financial and Operational Highlights of the Third Quarter 20152

Consolidated revenue increased by 0.3% year over year (“y-o-y”)3 to RUB 81,279 million
Revenue from wireless data services increased by 24.6% y-o-y to RUB 21,625 million
OIBDA decreased by 3.0% y-o-y to RUB 36,145 million
OIBDA margin decreased to 44.5% versus 46.0% in Q3 2014
Net Profit increased by 4.0% y-o-y to RUB 13,306 million
CAPEX increased by 81.6% y-o-y to RUB 25,908 million
Free Cash Flow amounted to RUB 8,870 million
Net Debt as of 30 September 2015 was RUB 122,964 million
The number of mobile subscribers grew by 6.2% y-o-y to 75.9 million4 as of 30 September 2015

Key Financial Highlights for the First Nine Months of 2015

Consolidated revenue decreased by 0.5% y-o-y to RUB 231,403 million
Revenue from wireless data services increased by 18.6% y-o-y to RUB 58,939 million
OIBDA decreased by 1.2% y-o-y to RUB 102,846 million
OIBDA margin was 44.4% versus 44.7% y-o-y
Net Profit decreased by 0.6% y-o-y to RUB 33,709 million
CAPEX increased by 29.2% y-o-y to RUB 46,537 million
Free Cash Flow totaled RUB 39,961 million