18 February 2004 17:22
Russia - Rostelekom 9-mont net profit falls, sales rise
Rostelekom (Russia), long-distance operator, made a net profit down 60% to USDlr36 mil on a revenue up 13.1% to
USDlr692 mil in January 2003-September 2003 vs the year-earlier period, excluding the effect of introducing a new
settlement system. The company said its net profit and margins were affected by charges for disposing outdated equipment
and depreciation. Rostelekom's market share in Moscow, Russia, remained stable through September 2003 vs falling
until early 2003. The company's operating profit was USDlr64 mil, for a 9% margin, in the first nine months of 2003
vs USDlr96 mil and 16% previously. Domestic long-distance traffic was up 17.3% over the same period, while incoming
international traffic was up 28.7% and outgoing international traffic rose by 5.6%.
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