Rostelecom bought back 0.12% of common stocks within the second stage of the restructuring, the company informed.
The share increased to 6.47% from 6.35%.
By Sep. 9, 2013 the Company intends to acquire 6.5% common and 17.5% preferred stocks in the volume of 30.253bn rub. from the minority.
Rostelecom (TIN 7707049388) is a national com operator. It has 150ths km of lines in Russia. The current structure is in force from Apr. 2011 after the takeover of interregional com companies including TsentrTelecom, Sibirtelecom, Dalsvyaz, Uralsvyazinform, VolgaTelecom, SZT, YUTK and Dagsvyazinform. The length of the main com lines cover 500ths km. The major holder is the government having 53.25% through Svyazinvest, VEB and Insurance Deposit Agency. The securities are under trading on RTS/MICEX and OTCQX in USA.
The share capital is equal to 7.965mln rub. split in 2943258269 common and 242831469 preferred stocks of 0.0025 rub. par.
The IQ 2013 net profit (RAS) moved down 42.6% to 7.64bn rub. from 13.304bn rub. prior year. The revenues - 11% to 67.744bn rub. from 76.119bn rub.
The IQ 2013 net profit (IAS) dropped 49% to come to 6.413bn rub. from 12.468bn rub. prior year; revenues climbed down 10% to 77.067bn rub. from 85.319bn rub.; OIBDA dropped 16% to gain 28.837bn rub. from 34.408bn rub.; OIBDA margin - to 37.4% from 40.3%.