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.
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