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Svyazinvest

January 28, 2002

OJSC Nizhegorodsvyazinform: preliminary 2001 results

Based on the company's preliminary 2001 results Rub 1,650.7 mn was generated on sales of telecom services to residential and corporate subscribers, which is up 25.1% year-on year.

In addition, Rub 1,703.7 mn in gross revenues was earned.  This is Rub 302 mn more than the same period in 2000 and Rub 37 mn more than was projected for 2001.

The company's balance sheet profit increased by 24.2% and stood at Rub 511.7 mn at the end of 2001.

Net profit margin was 26.5% while the total amount invested in network development increased by Rub 56 mn compared to 2000 and stood at Rub 320 mn. 

In 2001 32,800 telephone lines were entered into service.

Chargeable outgoing exchange for international and long-distance traffic increased 22% compared to the previous year at stood at 292,911,000 minutes.

 

 

 

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