OJSC «North-West Telecom» has summarized the results of its activities I Q 2003.

Installed network capacity in I Q 2003 reached 3,623 thousand numbers, which is 4.7% more than for a similar period of the previous year. Increase in the number of primary telephone sets in I Q 2003 reached 19,386 numbers.

According to the financial and economic performance of OJSC «North-West Telecom» in I Q 2003, the sales proceeds reached 2,774,319 thousand roubles, including proceeds from sales of telecommunication services of 2,693,657 thousand roubles. As compared to a similar period of the previous year, the sales proceeds increased by 19.49%, including those from telecommunication services – by 19.37%.

Prime cost of the services sold reached 2,004,609 thousand roubles, including that of telecommunication services – 1,964,989 thousand roubles.

Net profit of OJSC «North-West Telecom» amounted to 330,651 thousand roubles, which is 10.88% more than for a similar period of the previous year.