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Rostelecom incrased 3-month IFRS net profit by 23%

IFRS net profit of PJSC Rostelecom for Q1 2018 grew by 23% to RUB 3.864 billion from RUB 3.15 billion the year before, the company informed.

Revenue increased by 8% to RUB 76.203 billion from RUB 70.436 billion, OIBDA by 8% to RUB 23.194 billion from RUB 21.569 billion, operating profit by 3% to RUB 8.357 billion from RUB 8.093 billion.

PJSC Rostelecom (tax number: 7707049388) is the national long-distance communication operator leading in the amount of long-distance domestic and international data traffic and operating the land-line network of television and broadcasting channels. In April 2011, Rostelecom absorbed interregional communication companies Centertelecom, Sibirtelecom, Dalsvyaz, Uralsvyazinform, VolgaTelecom, SZT, YTK and Dagsvyazinform. Total length of Rostelecom's backbone network all over Russia is about 500,000 km. The company's infrastructure reaches 43 million Russian households.

The company's authorized capital is RUB 6.961 billion. It consists of 2,784,480,101 shares including 2,574,914,954 common shares and 209,565,147 type A preferred shares. Rostelecom's major shareholder is the Government of Russia. The company's securities are listed on the MICEX Stock Exchange in Russia as well as in the electronic OTC trading system OTCQX in the USA.

According to AK&M Information Agency's DataCapital information retrieval system, RAS net profit of PJSC Rostelecom for Q1 2017 decreased 2.5 times to RUB 1.338 billion from RUB 3.418 billion the year before. Revenue decreased by 3.6% to RUB 66.816 billion from RUB 69.345 billion, gross profit 1.4 times to RUB 5.27 billion from RUB 7.281 billion, pre-tax profit 2.4 times to RUB 1.822 billion from RUB 4.45 billion.

IFRS net profit of PJSC Rostelecom for 2017 grew by 15% to RUB 14.05 billion from RUB 12.249 billion the year before. Revenue increased by 3% to RUB 305.329 billion from RUB 297.446 billion, OIBDA by 0.1% to RUB 96.857 billion from RUB 96.772 billion. Operating profit decreased by 5% to RUB 37.885 billion from RUB 39.836 billion.

IFRS net profit of the company for Q4 2017 alone grew by 16% to RUB 4.169 billion from RUB 3.586 billion, revenue by 5% to RUB 84.113 billion from RUB 80.407 billion, OIBDA by 5% to RUB 25.694 billion from RUB 24.372 billion. Operating profit decreased by 17% to RUB 9.312 billion from RUB 11.248 billion.

"AK&M", 16.05.2018 15:05


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