Central Telegraph Public Joint Stock Company Announces Earnings Results for the First Quarter of 2016
PJSC Central Telegraph announced earnings results for the first quarter of 2016. For the quarter, the company reported net profit of RUB 3.501 million compared to RUB 42.641 million a year before. Revenue decreased by 10.7% to RUB 739.694 million from RUB 828.567 million, pre-tax profit decreased 7.37 times to RUB 7.506 million from RUB 55.302 million. Under IFRS, profit decreased 5 times to RUB 51.473 million from RUB 291.591 million the year before. Revenue decreased by 5.4% to RUB 3.339 billion from RUB 3.53 billion. Profit from operations decreased twice to RUB 129.829 million from RUB 287.253 million, pre-tax profit 4.2 times to RUB 75.69 million from RUB 317.854 million.