Svyazinvest sees 6.5% rise in full-year profit (Russia)

February 4, 2009 at 16:57 Leave a comment

Russia’s state telecoms holding company Svyazinvest has reported a 6.5% increase in net profit for full-year 2008 under Russian Accounting Standards (RAS) to RUB27 billion (USD747 million). Sales climbed 3.6% to RUB253 billion, while EBITDA rose 12% to RUB82 billion. The Svyazinvest group incorporates seven mega-regional fixed line operators which control around 32.5 million lines and 3.3 million broadband internet accounts between them; its cellular operations claimed a total of twelve million customers at end-2008.

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Entry filed under: Financial, Russia, Svyazinvest. Tags: , , .

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