MTS posts 3Q profit

Associated Press |

MOSCOW (AP) _ Mobile TeleSystems OAO (MBT) on Tuesday reported third-quarter earnings of $304.8 million.

The Moscow-based company said it had profit of 31 cents per share.

The telecommunications company posted revenue of $1.95 billion in the period.

MTS shares have increased 22 percent since the beginning of the year. The stock has climbed 52 percent in the last 12 months.

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