Home Page : Archive News : March 2017 News : Russia's MegaFon expects flat sales after sharp profit fall

Russia's MegaFon expects flat sales after sharp profit fall

March 17, 2017

MOSCOW, March 16- Russian mobile operator MegaFon forecast its revenues would be flat or grow slightly in 2017 after reporting a fall in fourth quarter earnings and sales on Thursday. MegaFon, which is trying to reinvent itself as an internet player, said net profit dropped 42 percent to 3.1 billion roubles due to a 3.4 billion rouble impairment charge relating...

Source: http://www.cnbc.com/2017/03/16/reuters-america-russias-megafon-expects-flat-sales-after-sharp-profit-fall.html
 
Related Updates