Rostelecom's net profit under IFRS for the first quarter of 2024 left 12.5 billion rubles against 17.4 billion rubles for the first quarter of 2023 (-28%). Revenue increased by 9% to RUB 173.8 billion from RUB 159.56 billion. OIBDA increased by 4% to 74.4 billion rubles. This is stated in the company's message.
The total number of fixed-line telephony subscribers decreased by 10% to 9.9 million. The number of Internet subscribers connected via fiber-optic access networks in the household segment increased by 7% to 11.2 million. The number of cable TV subscribers decreased by 2% to 4.2 million.
Rostelecom PJSC (TIN 7707049388), the national long–distance operator, provides transmission of the main share of long–distance and international traffic, as well as the operation of a terrestrial network of television and radio broadcasting channels. Rostelecom's main shareholder is the state.
Rostelecom's net profit under IFRS for 2023 increased by 20% to 42.3 billion rubles. compared to a year earlier. Revenue increased by 13% to RUB 707.8 billion, while OIBDA increased by 13% to RUB 283.2 billion. Capital investments increased by 26% to RUB 147.2 billion. (20.8% of revenue).
