Moscow, Russia, August 6, 2003
Open joint-stock company Central Telegraph published the results of its activities in the 1st six month 2003.

The proceeds of JSC Central Telegraph amounted to 615.6 million rubles.

Revenues from the provision of communication services in the 1st half-year 2003 increased in 1.32 times in comparison with the same period in 2002 and amounted to 593.6 million rubles.

Operational costs in comparison with the same period of the last year decreased in 1/18 times and amounted to 409.4 rubles.

Profit from sales increased by 54% to 206.2 million rubles. Net profit increased in 1.46 times in comparison with indicators of the first six months 2002 and amounted to 88.6 million rubles. Increase in revenues over the reporting period was caused by the growth of volumes of provided new communication services .

Total capital investments in new construction, development and modernization amounted to 153 million rubles.

According to the results of the 1st six months 2003, JSC Central Telegraph reached follow-ing indicators of efficiency:

• profit per one employee – 232.7 thousand rubles (in the 1st half-year 2002 – 90.8 thousand rubles),
• earnings per one employee amounted to 694.8 thousand rubles.

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JSC Central Telegraphis one of the largest telecommunication companies offering the full range of com-munication services to individual customers and to corporate customers in the Moscow region. At present the com-pany provides all types of modern telecommunication services: access to the Internet via dedicated and switched channels (Central Telegraph is “The best Internet Provider in 2002”), data transfer, local, national and international telephone services, connection of ATMs and POS terminals to X.25 network, installation of telephone numbers in Moscow and in the Moscow region on the basis of own fiber-optic network “Centel”.

JSC Central Telegraph
PR and Advertising Division
Tel.: +7 (095) 504-38-62
Fax: +7 (095) 500-46-19
E-mail: pr@cnt.ru