Sistema Posts Q2 Net Loss

AFK Sistema posted a net loss in the second quarter. Sistema posted a quarterly net loss of $161.9 million, versus a year-ago net profit of $332.0 million. Excluding one-off loss, Sistema's net profit came in at $407.8 million. Sistema's revenue declined 6.3% to $8.1 billion, while operating income tumbled 88.5% to $151.9 million.