Profit up 35% at Svyazinvest

4 Jun 2007

Russia’s state-backed telecoms giant Svyazinvest has reported a 35.5% increase in net income for the first three months of 2007. Profits rose to RUB8.95 billion (USD345.7 million), while revenues for the period jumped 14.5% year-on-year to RUB58.6 billion. The bulk of sales came from public telecom services in the fixed line market. Internet access brought in RUB3.9 billion and mobile services accounted for RUB3.3 billion.

Russia, Svyazinvest