Ipjsc Tcs HoldingRUS: T

Russia's T-Technologies Q3 net profit up 5% y/y to $497 mln

· Issued by Ipjsc Tcs Holding

Russia's T-Technologies RUS:T, formerly TCS Holding and the owner of T-Bank, said on Thursday:

  • Net profit for the third quarter at 40.1 billion roubles ($497.21 million), up 5% year-on-year

  • Third-quarter revenue at 367 billion roubles, up 39% year-on-year

  • Board recommends third-quarter dividends of 36 roubles per share

  • Board of Directors launched a new program to buy back up to 5% of T-Technologies shares

($1 = 80.6500 roubles)