print version 

Find company
Home About the ProjectContact usFor the Clients
Enter code or ISIN
 
alpha / industry search

Issuers' Corner
Press Releases
Annual Reports Library

Financial Statements
SEC & FFMS Filings
Corporate Presentations
GM Materials
Issues Documents
Corporate Governance Materials
Russian Company Guide
Company Profiles
Corporate Calendar
Markets Corner
Consensus Estimates
Media Corner
News Line


Get updates



Home  Issuers' Corner  Press Releases REGISTER LOG IN

Press Releases

company search
all press releases
all COMSTAR - UTS press releases

COMSTAR - UTS

October 2, 2008

COMSTAR-UTS listed among Russia’s Hundred Leading Enterprises according to ÀÊ&Ì

COMSTAR – United TeleSystems (COMSTAR-UTS OJSC, LSE: CMST), a major operator of integrated telecommunications services in Russia and the CIS,  has been included on the list of Russian Federation’s 100 leading enterprises, made by the AK&M Rating Agency based on the year 2007 results.

The Leading Enterprises of Russia Annual Rating is the country’s only research, which correlates the materials and monetary size of a company (balance-sheet total (assets), volume of revenues, the headcount) to the success of its operation (profit margin, labor efficiency, revenues dynamics.) The rating derived from the last reporting year’s results by aggregation of the enterprise size/performance indicators, is designed to determine comparative positions of the country’s major companies – the leaders of the national economy. 

Compared to 2006, the position of COMSTAR-UTS in the rating climbed 9 points up (from the 42 to 33 position, the fifth among the companies in Communications industry sector.)

«The change of COMSTAR-UTS’ position in the rating of Russian Federation’s leading enterprises reflects in an unbiased manner the positive growth dynamics in the Company’s key operating and financial indicators and lends support to the validity of the chosen growth strategy», comments Comstar Vice-president for Economics & Finance Irina Matveeva.

The AK&M Rating encompasses the enterprises from various industries, which are fairly big and show satisfactory results in their operation. The size of a company describes its role in the country’s social/economic processes and determines its contribution to Russia’s GDP. The success of an enterprise’s operation (effectiveness) determines its contribution to the dynamics of the country’s key macro indicators.

The Leading Enterprises of Russia Rating has been published in the Vremya Novostey Newpaper.

 

 

 

Search by industry

Agriculture, Foresty and Fishing | Chemicals | Engineering | Ferrous Metals | Financial, Insurance & Real Estate | Food & Kindred Products | General Construction | Information Technology | Media & Publishing | Non-Ferrous Metals | Oil & Gas | Pharmaceuticals | Power Industry | Precious Metals and Diamonds | Telecommunications | Transportation | Wholesale & Retail Trade

Search by alpha index

A B C D F G H I K L M N O P R S T U V W X Z


Site Map
© RUSTOCKS.com
Privacy Statement | Disclaimer