Uzbekistan news for August 28, 2010

In this issue:

2 Corporate news
2 Net income of MTS Uzbekistan grows by 70.4% in 2Q 2010
2 Trustbank stockholders re-distributed 2009 net income
3 Industry news
3 Forage crops as an instrument of effective land management
3 Uzbekistan, China to reconstruct regional pump stations
4 Politics and Economics
4 Volume of money transfers between Uzbekistan and Russia makes up US$689m in 2Q
4 Crude Oil May Rise After Failing to Drop Below Support Level, Survey Shows
4 Upcoming events
5 UzSE
6 Tenders list
7 Expert’s opinion
9 Corporate announcement
10 AFS Research productline
11 AFS Research services

Net income of MTS Uzbekistan grows by 70.4% in 2Q 2010

Net income of MTS Uzbekistan grew by 70.4% year-on-year in the second quarter of 2010 and made up US$31.7 million. The growth of net income compared to the first quarter of 2010 was 29.4%, the financial report of Russia’s Mobile TeleSystems said.
The company’s revenue increased by 17% year-on-year to US$113.3 million in the second quarter of 2010 against US$97 million in the same period of 2009. The revenue growth made up 9% compared to the first three months of 2010. The company said that the growth of revenue was ensured due to growth of subscribers’ base and stabilization of market.
 

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