10 February 2004 01:30
Northwest Telecom plans to up net profit 38%
MOSCOW. Feb 10 (Interfax) - Northwest Telecom plans to increase its net profit 38% in 2004 to 1.1 billion rubles from
the 800 million rubles forecast for 2003, chief of the company's shareholders and securities department Vladislav
Smyslov told the press on Tuesday.
Sales profit could grow 17.8% in 2004 to 3.3 billion from 2.8 billion rubles. Revenue is expected to reach 14.1
billion rubles this year, up 14.6% from the 12.3 billion rubles expected in 2003.
The forecasts do not take into account Northwest Telecom's possible merger with Svyaz in Komi and Lensvyaz.
Figures for 2003 will be released shortly. [RU ASIA EUROPE EEU EMRG TEL RESF CORA] me <>
[Interfax] |
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