Sales stable but profits up at Rostelecom

5 Aug 2008

Long-distance operator Rostelecom has reported a 6.2% annual increase in first-half net profit to RUB4.98 billion (USD212 million). Revenues for the period were stable at RUB30.6 billion, while operating profit climbed 16.1% year-on-year to RUB6.3 billion. Rostelecom is the former monopoly domestic and international long-distance operator in Russia and is part of the state-backed telecoms holding company Svyazinvest.

Russia, Rostelecom