Russian long-distance operator Rostelecom saw its third-quarter net profit increase 1.3 percent year-on-year to 10.285 billion rubles ($330.2 million) to IFRS, the company said in a statement on Thursday.
The company's revenue grew 8 percent in July-September 2011 to 73.86 billion rubles.
"We continue to deliver growth despite the turbulent situation in the financial markets and the global economy. We continue to expand our broadband and Pay-TV subscriber base," Rostelecom President and CEO Alexander Provotorov was quoted in the company's statement as saying.
The local telephony subscriber base went up two percent to 21.616 billion rubles, while the broadband Internet subscriber base amounted to 11.429 billion rubles and the Pay TV subscriber base grew 580 percent, year-on-year, to 1.905 billion rubles.
The company's OIBDA (Operating Income before Depreciation and Amortization) rose 9 percent to 29.477 billion rubles, while the OIBDA margin went up to 39.9 percent from 39.5 percent.
The company's capital expenditure increased 10 percent to 15.361 billion rubles or 20.8 percent of revenue. The company's net debt totaled 138.068 billion rubles as of September 30, 2011, with the net debt to annualized OIBDA ratio stood at 1.3x times.
Rostelecom's net profit in the first nine months of the year stood at 29.397 billion rubles, a two-percent growth year-on-year, while its revenue in January-September 2011 rose 7 percent to 217.458 billion rubles.
Rostelecom completed a restructuring in spring to merge with seven regional telecoms companies, following which the Russian government has retained a 53.23 percent stake in the telecoms operator.
