OJSC «North-West Telecom» has summarized the results of its activities for 6 months 2003.

According to the financial and economic performance of OJSC «North-West Telecom» for 6 months 2003, the sales proceeds reached 5 651 258 thousand roubles, including proceeds from sales of telecommunication services of 5 485 943 thousand roubles. As compared to the similar period of the previous year, the sales proceeds increased by 20,3%, including that from telecommunication services – by 24,6%.

Prime cost of the services sold reached 4 168 056 thousand roubles, including that of telecommunication services – 4 100 255 thousand roubles.

Net profit of OJSC «North-West Telecom» amounted to 644 701 thousand roubles, which is 146% more than for the similar period of the previous year.