CenterTelecom 2007 profits up 50% under IFRS

19 Jun 2008

Russian wireline operator CenterTelecom, which is part of the state-backed Svyazinvest group, announced a 50% rise in net profit for the full year 2007 to RUB4.3 billion (USD181.9 million) under International Financial Reporting Standards (IFRS). Its revenues were up around 14% at RUB33.5 billion while profit before tax rose to RUB6.1 billion compared to RUB4.1 billion in 2006.

Russia, Center Telecom, Svyazinvest