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Svyazinvest

November 13, 2001

The Petersburg Telephone Network reports 3Q financial results

The company's revenue for the first nine months of 2001 was Rub 985,549,000, which is up Rub 160,733,000 compared to the same period last year. Revenue from telecom services provided increased 19.4% y-o-y and stood at Rub 940,317,000 mn. Net book profit was Rub 152,340,000 mn. In accordance with the company's investment strategy Rub 74 mn was allocated to investments, while Rub 41,642,000 mn went to commissioning fixed assets. In addition, 4,400 new urban lines were entered into service during the first 9 months of 2001, with a growth in main access lines during the reporting period of 11,821 lines (versus 11,110 as planned) for a total of 16,842 new installations during the first 9 months of 2001. By the end of this year 4,500 new lines are expected to be installed.

 

 

 

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