Svyazinvest forecasts 2003 figures

In 2003, net profits of the Svyazinvest telecommunications company will advance from RUR9.6bn (about $303.98m) to RUR13bn (about $411.64m), Svyazinvest's General Director Valery Yashin reported at a meeting of the enlarged board of the Russian Telecommunications Ministry. In 2003, the company's revenues will grow from RUR115.3bn (about $3.65bn) to RUR140.6bn (about $4.45bn). Svyazinvest's expenditures will go up from RUR84.8bn (about $2.69bn) to RUR100.9bn (about $3.19bn) in 2003. Additional telephone number capacities will amount to 3 million numbers.

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Author`s name: Editorial Team