19 May 2004 05:19
Southern Telecoms Co. net profit plunges in Q1
ROSTOV-ON-THE-DON. May 19 (Interfax) - Southern Telecommunications Company posted net profit of 51.95 million rubles
in the first quarter of 2004, down from 342.23 million rubles in the same period of 2003, the company reported on its
website.
Sales revenue rose 33.1% to 3.79 billion rubles.
Company payables fell to 4.25 billion from 4.49 billion rubles,
Pretax profit dropped to 109.37 million from 443.25 million rubles, while sales profit picked up 3.6% to 734.36
million rubles.
long-term receivables went down to 41.25 million from 42.26 million, and short-term receivables rose to 1.96 billion
from 1.5 million rubles.
Charter capital totals 1.3 billion rubles, split into 2.96 billion common and 972.15 million preferred shares with
par value of 0.33 rubles.
The company's main shareholder is Svyazinvest with 38.16%. Nominal shareholders are Depository Clearing Company
with 13.02% and ING Bank (Eurasia) with 10.29%. [RU ASIA EUROPE EEU EMRG TEL RES CORA] me
[Interfax] |
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