Sales up 13% at Southern Telecom

2 Jul 2008

The Russian fixed line operator Southern Telecom has posted 13% revenue growth for its 2007 financial year, while net profit more than tripled to RUB1.22 billion (USD51.8 million). Sales grew to RUB20.23 billion, boosted by a 56% jump in revenues at the internet services division, while EBITDA was up 17% at RUB7.50 billion. Southern Telecom is a subsidiary of state telecoms holding company Svyazinvest.

Russia, Southern Telecommunications (UTK), Svyazinvest