World VoIP NewsRostelecom net profit falls 48 percentRostelecom net profit falls 48 percent

Rostelecom net profit falls 48 percent

voip, telecom, networks, 3G, LTE, operators
Rostelecom’s revenue for the three months ended 31 March 2010 was RUB14.11 billion (USD450.4 million), a decrease of 8.2% year-on-year, mainly due to a fall in sales from a number of traditional segments.
Operating expenses for the quarter amounted to RUB12.42 billion, a year-on-year decrease of 5.1%, largely due to a reduction in direct costs. Operating income before depreciation and amortisation (OIBDA) was RUB2.96 billion, down 12.3% while OIBDA margin was 21.0%, down one percentage point from the same period of 2009.

Operating profit decreased by 26.3% year-on-year to RUB1.68 billion, while net profit slipped 48% to RUB1.03 billion.

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