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Articles & publications
27.05.2010
Aggregate net profit of RTOs in 9M10 could top RUR 30 bln – Svyazinvest CEOInterfax
The aggregate net profit of Svyazinvest’s regional telecommunications operators (RTOs) could amount to RUR 30 bln in the first nine months of 2010, the general director of Svyazinvest holding Evgeny Yurchenko told journalists.
Profit for the first nine months of 2010 are expected to exceed this indicator for full-year 2009, Yurchenko pointed out. “According to rough estimate, this will be more than RUR 30 bln”, he pointed out.
The CEO of the holding noted that RTOs intend to pay out interim dividends on the results of the first nine months of 2010. Payouts on common shares should amount to 15% of the net profit of each company, and 10% on preferred shares.
Evgeny Yurchenko emphasized that the shareholders registers for receipt of dividends will be closed after completion of the buyback of RTO shares from minorities that are opposed to the merger of the holding’s companies with Rostelecom (RTS: RTKM). The CEO of Svyazinvest also pointed out that registers will be closed from August 15 until September 15.
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