Rostelecom posts FY 2010 net profit of 17.2 billion roubles

Rostelecom posts FY 2010 IFRS net profit of 1.7 billion roubles
Russian long distance fixed line telecoms provider, Rostelecom, has posted a FY 2010 net profit of 17.2 billion roubles under IFRS

­The bottom line is down 52 % year on year from the FY 2009 net profit of 3.5 billion roubles, with FY OIBDA down 16% to 10.5 billion roubles, as FY Revenues decreased 4% to 63 billion roubles.
For 4Q 2010 Rostelecom posted net loss of 1.1 billion roubles, compared with a net profit of 200 million roubles over the same period 2009,  with OIBDA falling 34% to 2 billion roubles, as 4Q revenues increased 3% year on year to 17.2 billion roubles.
Rostelecom says Revenues from traditional voice domestic and international long-distance declined 13.5% year on year mainly in line with ongoing change in customer patterns regarding the use of traditional long-distance services.
Rostelecom announced that as of April 1 CenterTelecom, Sibirtelecom, Dalsvyaz, Uralsvyazinform, VolgaTelecom, NWT, UTK and Dagsvyazinform are merged into Rostelecom.