Bashinformsvyaz increased its net profit under RAS by 1.7 times to 1.35 billion rubles in 2015

Olesya Seregina

UFA, 17 March 2016. /Bashinform News Agency, Olesya Seregina/.Net profit of PJSC Bashinformsvyaz following the results of 2015 amounted to 1.35 billion rubles, which is by 1.7 times more than the result of 2014, according to the report on financial results under RAS.

Revenues increased by 0.9 percent and amounted to 6.6 billion rubles. Revenues from communication services were formed in the amount of 5.7 billion rubles against 5.66 billion in 2014, from the non-core activities - 899.5 million rubles against 886.2 million in 2014.

Revenues from new services grew from 2.3 billion rubles in 2014 to 2.7 billion in 2015. Thus, from the Internet services Bashinformsvyaz had 1.8 billion rubles of revenues (in 2014 - 1.5 billion), from cable TV - 672, 6 million (in 2014 - 512.5 million).

Revenues from intra-zonal telephone services decreased by 20.6 percent (to 451 million), local telephony - almost 17 percent (1.2 billion), rural telephony – by four percent (to 687.5 million).

Cost of sales decreased by 1.7 percent to 4.2 billion rubles. Gross profit was formed in the amount of 2.4 billion (plus 5.7 percent), sales profit - 980 million (plus 31.8 percent). Profit before tax increased by one and half times and amounted to 1.5 billion rubles.

Long-term liabilities of the company were reduced in 2015 from 2.5 billion to 1.1 billion, short-term increased from 899.4 million to 1.2 billion rubles. Accounts receivable decreased from 1.7 billion to 1.4 billion, accounts payable - from 765,75 to 535,5 million rubles.

PJSC Bashinformsvyaz is the major fixed telephony provider in the territory of Bashkortostan. It provides data services, cablecasting and local telephone services. The authorized capital amounts to 985.2 million rubles, 100 percent of ordinary shares are owned by PJSC Rostelecom.

#bashinformsvyaz #financial results

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