Rostelecom increased 6-month IFRS net profit by 14% to RUB 15.443 billion

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AK&M 05 August 2020 22:58

IFRS net profit of Rostelecom for 1H 2020 increased by 14% to RUB 15.443 billion from RUB 13.53 billion a year earlier, the company reported.

Revenue increased by 11% to RUB 248.892 billion from RUB 223.237 billion, OIBDA by 14% to RUB 95.883 billion from RUB 84.341 billion.

Operating profit was RUB 37.504 billion against RUB 32.766 billion (+14%).

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.

IFRS net profit of PJSC Rostelecom for 2019 increased by 10% to RUB 16.474 billion from RUB 15.012 billion a year earlier. Revenue increased by 5% to RUB 337.421 billion from RUB320.239 billion, OIBDA went up 6% to RUB 106.526 billion from RUB 100.9 billion.