Politics
MOSCOW, May 22 (RIA Novosti) -- MTS, Russia"s...
The company"s sales in January-March were $1.809 billion, down 24% year-on-year.
Operating profits fell 34.1% to $464.2 million.
MTS President Mikhail Shamolin attributed the loss to recent dollar-ruble exchange rate fluctuations, which affected its dollar-denominated debt. Without this, he said, the firm"s net profit would have been $404.7 million.