Rostelecom's net profit under IFRS for the first quarter decreased by 46%

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AK&M 15 June 2025 18:07

Rostelecom's net profit under IFRS for the first quarter of 2025 decreased by 46% to RUB 6.8 billion from RUB 12.5 billion over the same period in 2024. Revenue increased by 9% to 190.1 billion rubles. OIBDA decreased by 1% to 73.7 billion rubles. Capital investments increased by 14% to 43.9 billion rubles. This is stated in the company's message.

PJSC Rostelecom (TIN 7707049388) is a national long—distance communications operator that provides the transmission of the majority of long-distance and international traffic, as well as the operation of a terrestrial network of television and radio channels. Rostelecom's main shareholder is the state.

Rostelecom's net profit under IFRS for 2024 fell by 43% to 24.06 billion rubles from 42.33 billion rubles a year earlier. Revenue increased by 10% to 779.9 billion rubles from 707.8 billion rubles, OIBDA increased by 7% to 302.46 billion rubles from 283.23 billion rubles.