Siberia Telecom has released its 1Q 2003 accounting reports done to Russian Accounting System (RAS):

·         Siberia Telecom generated Rub 3.4 billion in revenue from all forms of activity, which is up 23% compared with the same period in 2002;

·         The company's revenue from telecom services stood at Rub 3.3 billion, which is up 22.9% compared with the same period in 2002;

·         Sales revenues reached Rub 892.2 which exceeds the year-earlier period by 37%;

·         Net profit stands at Rub 436.5 million, which is 43.2% higher than in 1Q 2002.