4 May 2011 18:54

Rostelecom reduces RAS earnings 25% in Q1

MOSCOW. May 4 (Interfax) - Rostelecom reduced net profit to Russian Accounting Standards (RAS) 25% year-on-year in Q1 2011.

The telco said in a statement that net profit for the period was 771.921 million rubles, down from 1.209 billion rubles in Q1 2010.

This was Rostelecom's last RAS report as a prior to its merger with eight Svyazinvest subsidiaries on April 1.