Sibirtelecom posts 1Q results

8 May 2007

Siberian Federal District telco Sibirtelecom has presented its results for the first quarter 2007 under Russian Accounting Standards (RAS). Sibirtelecom’s revenues excluding subsidiaries for the three months ended 31 March amounted to RUB6.34 billion (USD246 million), up by RUB1.05 billion or 19.9% against the same period of 2006. Revenues from local fixed line services accounted for 44.1% (RUB2.79 billion) of the company’s total, whereas turnover from cellular services amounted to 4% (RUB254 million) of revenues. OIBDA rose 15.5% year-on-year to RUB2.49 billion whilst net profit increased by 10.8% to RUB746 million.

Russia, Sibirtelecom