Date: 2 months ago   Category: IT & Media

The net profit of Rostelecom grew the I quarter by 46% — Rambler News Service


The net profit of Rostelecom according to IFRS in the I quarter 2019 grew by 46%, to 5.6 billion rubles, reported telecommunication holding. "Net profit for the I quarter 2019 grew by 46% and reached 5.6 billion rubles" — it is noted in the message of Rostelecom. The revenue of holding increased by 3%, to 78.6 billion rubles. "Capital investments made 22.3 billion rubles (28.4% of revenue), having increased by 48% in comparison with the same period of last year (15.1 billion rubles and 19.8% of revenue for the I quarter 2018 respectively" — it is noted in the message. OIBDA in the I quarter increased by 12%, to 26.4 billion rubles. Profitability according to OIBDA grew by 2.6 items, up to 33.5% in comparison with the I quarter 2018, note in the company. Operating profit grew by 16%, to 9.7 billion rubles. In 2019 in the company not less than 2.5%, capital expenditure within 65–70 billion rubles taking into account 7 billion rubles of regulatory CAPEX and without implementation of state programs predict growth of revenue and OIBDA, the senior vice president – the finance director of Rostelecom Sergey Anokhin noted.

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