OREANDA-NEWS. On November 02, 2007 OJSC CenterTelecom (OTC: CRMUY.PK; MICEX: CTLK, CTLKP; RTS: ESMO, ESMOP), major provider of fixed-line telecommunications services in the Central Federal District of Russia, announced its financial results in accordance with Russian Accounting Standards (RAS) for the first nine months of 2007, including a 64,14% rise in net profit, reported the press-centre of CenterTelecom.

Commenting on the 9M 2007 RAS results, Alexander Lutsky, Deputy General Director – Financial director of CenterTelecom, said that CenterTelecom is maintaining its dynamic rate of development. “Sustainable growth of the figures confirming the company’s economic efficiency is a result of CenterTelecom’s managers’ and employees’ systematic work on improvement of the company’s management system and organization of business processes. Strict control over expenditures and successful implementation of the company’s strategic development plans as well as dynamic improvement of the company’s basic indicators allow us to state that there is a possibility of increase of CenterTelecom’s economic activities’ figures for 2007 in comparison with the management’s forecasts published in January 2007.”  

Full report see here:
http://www.centertelecom.ru/eng/about/about/news/200711060953-4349.htm