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Svyazinvest

August 4, 2003

Center Telecom posts 1H 2003 financial results

Based on the Center Telecom’s 1H 2003 results, the company achieved its financial targets.

Gross revenue amounted to Rub 9.3 billion, which represents a 123.9% increase compared with 2002.

Revenue derived from sale of telecom services stood at Rub 9.2 billion.

Operating expenses reached Rub 2.4 billion, which is 27% higher than during the first six months of 2002.

Net profit doubled year-on-year and stood at 813.2 million rubles.

 

 

 

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