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Svyazinvest

April 15, 2003

Uralsvyazinform doubles profit earnings

Uralsvyazinform, a subsidiary of the Svyazinvest holding, is planning to generate RUR 1.6 billion in net profit this year, which is twice as much as last year.  The company's business plan provides for raising 2003 revenues  by 27.8% year-on-year up to RUR 18.9 billion, with revenue from local traffic at 23.2% up to RUR 5.8 billion, and RUR 2 billion from cellular traffic.  Capital investment is planned at RUR 5.6 billion, which is up 21.8% from last year.  Investments will be financed 57% from own equity, 36% from bond issues and 7% from credits.

 

 

 

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