Rostelecom posts Q1 results

Rostelecom's net income in the first quarter of 2003 amounted to 1.248bn rubles ($40.26m), which was a 3.1-percent gain against the corresponding period of 2002, the press service of the company reported. Revenue from domestic long-distance telephone services advanced by 13.5 percent to 2.33bn rubles ($75.16m). Revenue from international telephone services provided to Russian clients dropped by 6.9 percent to 1.864bn rubles ($60.13m) in the first three months of 2003, compared to the first three months in 2002.

International long-distance traffic of the company increased by 21 percent to 1.984bn minutes. Outcoming international traffic surged by 2.6 percent to 307.2m minutes. Incoming international traffic jumped by 25.1 percent to 264.5m minutes.

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