Svyazinvest Directors Approve of Results of First Six Months of 2002

The Board of Directors of the Svyazinvest Joint-Stock Company found the results of the company's operations in the first six months of 2002 satisfactory today. According to information from the company, gross revenues to Svyazinvest increased by 128% compared to those in the first six months of 2001 to RUR54.22bn ($1.71bn), the expenditures on standard operations grew by 119% to RUR38.62bn ($1.22bn), the profit from sales rose by 159% to RUR15.6bn ($492.42m). The profit from sales per line rose by 152% to RUR560 ($17.68). The sales profitability rate reached 40%. The number of lines per one employee increased by 116% to 75.1.

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