Wednesday , 14 November 2018
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Rostelecom 9-mth revenues fall 2%

Rostelecom 9-mth revenues fall 2%

Russian national operator Rostelecom announced that its consolidated revenues declined by 2 percent year-on-year to RUB 216.336 billion in January-September, as calculated under international accountancy standards. OIBDA dropped by 3 percent to RUB 75.027 billion, while the OIBDA margin totaled 34.7 percent, down by 0.5 percentage points. The net profit decreased by 32 percent to RUB 10.274 billion. Capex totaled RUB 43.383 billion, up by 34 percent. The net debt decreased by 4 percent to RUB 174.899 billion.

Consolidated revenues declined by 3 percent year-on-year to RUB 72.496 billion in the third quarter. OIBDA dropped by 4 percent to RUB 25.182 billion, while the OIBDA margin totaled 34.7 percent, down by 0.3 percentage points. The net profit decreased by 59 percent to RUB 2.046 billion. Capex totaled RUB 15.978 billion, up by 44 percent. The operator reduced operating expenditures by 3 percent in the third quarter. Around 29,500 households were covered with the fibre optical network in July-September.

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