MOSCOW, Aug. 11 - Experts forecast that Mobile TeleSystems' (MTS) net profit according to US GAAP will increase 23% year-on-year for the second quarter of 2008.

According to a consensus forecast conducted by Interfax of bank and investment company analysts, the company's net profit will come between $586 million and $663 million. This puts the average net profit forecast at $625.3 million, up from $507.9 million posted in the second quarter of 2007.