Uralsvyazinform’s net profit goes down 27.3%

Uralsvyazinform, the Urals’ major telecommunications provider, held its AGM in Perm recently.

The points on the meeting’s agenda included the approval of the annual report for 2008 and the annual accounting report (including the profit and loss statement) as well as the issue of profit anf loss distribution, including the share dividend.

According to the reports made at the meeting, the company’s sales revenues dropped by 17.6% last year, while its pre-tax profit and net profit decreased by 25.2% and 27.3%, respectively. In addition, the average number of people employed by the company went down by 10.3%.

Uralsvyazinform’s revenues rose by 3.6%, with losses rising by 9.7% in 2008.


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