MegaFon Q4 Profit Falls 45.7%

Russian company MegaFon reported a 45.7% drop in its Q4 net profit. The company's quarterly net profit declined to 10.1 billion rubles ($278 million), while revenue rose 11.4% to RUB79.7 billion. MegaFon's operating income before depreciation and amortization also slipped 2.9% to RUB30.5 billion. Its revenue for 2013 jumped 9.1% to RUB297.2 billion.