The country’s second-biggest mobile operator reported a net profit of 12.8 billion roubles ($295.4 million) for Q3, a drop from 15.3 billion roubles last year.
MegaFon named increased depreciation and amortisation charges due to network roll-outs, as well as the acquisition of Scartel, as contributing factors of the decline.
However, sales at the company jumped 4.5% year-on-year to 8.11 billion roubles, and MegaFon confirmed projections of 6-8% sales growth overall in 2014.
The company also said that it had a core profit margin forecast of at least 44% for the year.
