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Svyazinvest posted H1′08 results,net profit up by 6.5% (Russia)

  • August 19th, 2008
  • 8:04 am

According to a media report, Svyazinvest says that the former monopoly operator now faces substantial competition in the domestic and international long-distance markets and should be excluded from the list of operators which have tariffs set by the state. Rostelcom who have lost its monopoly on long-distance calls in 2006, ever since then more than 30 firms have been licensed to compete against it. Svyazinvest further says that tariff regulation ‘places the operator in unequal conditions compared with other market players’.

Svyazinvest has also posted its financial results for the first half of 2008. Net profit rose by 6.5% to $721.9 million, while revenues were up 3.9% at RUB123.70 billion and pre-tax profits climbed 3.1% to RUB23.39 billion. EBITDA were up 9.8% year-on-year at RUB44.59 billion. Apart from Rostelecom, it also holds stakes in Russia’s seven mega-regional local telephony firms.

Rostelecom reports rise in net profit while revenue stays stable (Russia)

  • August 6th, 2008
  • 6:28 am

Rostelecom, Long-Distance operator had former monopoly in domestic and international operator in Russia. Rostelecom  shows an annual increase of 6.2% in the first-half net profit to $212 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 a part of the state-backed telecoms holding company Svyazinvest.

Rostelecom cuts charges in the face of competition (Russia)

  • February 11th, 2008
  • 1:32 pm

The Russian long-distance operator Rostelecom has cut its call charges in the face of increasing competition. The former long-distance monopoly says prices could fall by as much as 30% for daytime inter-city calls, while regular customers in Moscow could even see reductions of up to 50% for calls from the capital to the regions, according to a report from the St Petersburg Times. ‘The reduction in the rate was made possible because of structural changes in the cost of international calls, Rostelecom chief executive Konstantin Solodukhin said in a statement. Rival firms such as Golden Telecom, MTT, Transtelecom and Synterra are slowly beginning to eat away at Rostelecom’s market share, while VoIP telephony services are also hitting long-distance traffic.

   

 

Rostelecom first half profit jumps 71.5% to RUB4.69 billion

  • August 2nd, 2007
  • 3:20 pm

Rostelecom said its first half net profit reached RUB4.69 billion (USD183 million), up 71.5% from RUB2.74 billion a year earlier, thanks to strong sales and the revaluation of its financial investments. Sales in the six months ended 30 June 2007 reached RUB30.74 billion, up 7.1%. The state-owned company also posted a gain of RUB826.8 million through asset revaluation, compared to a year-earlier depreciation of RUB185.1 million. Operating profit in the period climbed to RUB5.44 billion, up 38.7% from RUB3.92 billion.

   

 

Rostelecom reports Q1 results

  • May 6th, 2007
  • 7:35 am

Telegeography writes….Russian former long-distance monopoly Rostelecom’s net profit under Russian Accounting Standards (RAS) rose 41.1% year-on-year to RUB2.90 billion (USD113 million) in 1Q 2007, the company announced in a statement. Revenues stood at RUB15.21 billion in the quarter, a 4.3% year-on-year increase, and EBITDA rose by 27.4% to RUB3.91 billion, giving an EBITDA margin of 25.7%.