Center Telecom posts FY 2010 net profit of 6.7 billion roubles

Center Telecom posts FY 2010 IFRS net profit of 6.7 billion roubles
Central Russian telecoms provider, Center Telecom, has posted a FY 2010 net profit of 6.7 billion roubles under IFRS.

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The net result is up 15% year on year from the FY 2009 net profit of 5.87 billion roubles, with FY 2010 OIBDA rising 1% year on year to 17.04 billion roubles, as FY 2010 revenues rose 8.9% year on year to 40.64 billion roubles.

The company said the figures reflected an 11% year on year increase in local call revenues to 18.8 billion roubles, with internet service revenues soaring 223% year on year to 7.7 billion roubles as interzonal call revenues fell 6.3% to 5.4 billion roubles.

Center Telecom is expected to become merged into Rostelecom in April.