Uralsvyazinform’s net profit drops 15.4% in January-September 2008

The sales revenues of Uralsvyazinform, one of Sverdlovsk Region’s major telecommunications providers, went down by 18.3% in January-September 2008, while its net profit decreased by 15.4% in the nine months of the year compared with a year earlier. The company’s revenues amounted to 30.2 billion RUR in January-September 2008, which exceeds the figures for a year earlier by 4.5%. The company’s profits coming from rendering its subscribers the communication services came to 29.2 billion RUR, which is 6.3% better than in January-September 2007.

The company made 1.2% less in terms of profits coming from rendering its customers area communication services because the connecting traffic went down. The profits coming from the local telephony dropped by 2.2%, while the agency fee expenses decreased by 17.3% in January-September 2008.

In the meantime, the number of Uralsvyazinform’s employees went down by 10.5% over the nine months of 2008.

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