The Russian cable operator ER-Telecom (Dom.ru) has posted revenues of R12,535 million (€160.7 million) for the first quarter, or 19% more than a year earlier.
OIBDA was 23% higher at R5,130 million and net profit up by 40% to R1,135 million.
B2B revenues were 37% higher at R4,987 million and B2C 10% to R7,548 million.
Commenting on the company’s latest results, Andrey Kuzyaev, president of ER-Telecom Holding, said: “Our company is developing in accordance with the stated strategies. In 2020, we, as well as a significant part of entrepreneurs around the world, faced unprecedented challenges against the backdrop of the coronavirus pandemic.ER-Telecom is adapting to the changed reality, providing reliable services for the life and remote work of our customers!”.
Broadband TV News notes that the company has not provided subscriber figures in its release statement.
