Profits down at Rostelecom

5 May 2006

Russian long-distance telco Rostelecom has reported a 14.8% drop in first quarter net profit to RUB2.05 billion (USD75.5 million). Quarterly revenues jumped 52.3%, however, to RUB14.6 billion thanks to tariff increases. Rostelecom is part of the state telecoms group Svyazinvest.

Russia, Rostelecom