Svyazinvest chief spokesman Oleg Mikhailov put the company's sales at 210.2 billion rubles in 2005 against 185.5 billion rubles in 2004. Operating profit was around 51.8 billion rubles, he said.
Mikhailov said Svyazinvest sales were expected to grow to 216.4 billion rubles in 2006, but net profits would decline to 14.2 billion rubles.
Svyazinvest incorporates seven interregional communications providers, four public electrical communication companies, Giprosvyaz company and Russia's largest intercity and international communications provider Rostelecom.
Svyazinvest has a charter capital of more than 19.5 billion rubles (about $681 million). The state holds a major stake of 50% plus one share in Svyazinvest and the Russian Federal Property Fund possesses 25% minus two shares. The Cyprus-based consortium Mustcom Ltd. holds a blocking stake (25% plus one share) in the Russian telecoms giant.
