Date: 6 months ago   Category: IT & Media

The net profit of Rostelecom in the III quarter has grown by 46% — to 5,7 billion rubles — Rambler News Service


The net profit of Rostelecom according to IFRS in the III quarter 2018 has grown by 46%, to 5,7 billion rubles, the company has reported. The previous year this indicator was 3,9 billion rubles. The revenue of telecommunication holding has grown by 5%, from 75,6 billion to 79,4 billion rubles. Operating profit of Rostelecom has grown by 19%, to 10,9 billion rubles. The indicator of OIBDA has grown by 9,4%, from 25 billion to 27,3 billion rubles. Capital expenditure of the company has grown by 34,6%, from 12,1 billion to 16,3 billion rubles that is connected with participation of the company in the state projects. The free cash flow was reduced from 7,1 billion to 3,4 billion rubles. The main part of revenue of the company is formed by digital and content services. Growth in incomes in this direction has made 18,9%, from 36,6 billion to 436 billion rubles. Growth on one of the main activities of Rostelecom — broadband Internet access (ShPD) — was 13%. The company has earned nearly 20 billion rubles in the III quarter from services ShPD. The net profit of the company following the results of nine months has grown by 28,1%, from 9,9 to 12,7 billion rubles. Revenue has increased by 5,3%, to 233 billion rubles. Last year the indicator was 221,2 billion rubles. The indicator of OIBDA has grown by 5,4%, from 71,1 to 74,9 billion rubles. The company predicts growth of revenue following the results of a year for 3%.

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