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Svyazinvest

July 31, 2003

North Western Telecom releases 1H 2003 financial results

Based on 1H 2003 business results, North Western Telecom generated Rub 5.6 billion in revenues, including sales revenue of Rub 5.8 billion.  This was a 20.3% increase compared to the same period last year, with sales revenue up 24.6%.

Cost of services sold amounted to Rub 4.1 billion, including Rub 4.l billion for telecom service.

North Western Telecom earned a net profit of Rub 644 million, which is up 146% on the same period last year.

 

 

 

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