Anton Alekseyev said Dalsvyaz (RTS ticker: ESPK) showed a net profit of 852 mln rubles ($30.76 million) in 2005, and estimated that revenues in 2006 would be about 10 bln rubles ($360.97 million), as against 10.5 bln rubles ($379.02 million) in 2005.
Investment this year will remain at the 2005 level of about 2 bln rubles ($72.19 million), he said.
Alekseyev also said the company was planning to float two ruble bond issues, worth 1.5 bln rubles ($54.15 million) and 2 bln rubles ($72.19 million), respectively, in April-May this year.
State-run telecoms holding Svyazinvest is Dalsvyaz's majority shareholder (50.6% of the voting stock and 38.1% of the charter capital). Foreign investors hold more than 25% in the company's charter capital.
Dalsvyaz provides services to seven regions in Russia's Far East. It has charter capital of just over 31 mln rubles ($1.1 million), invested into more than 95 million ordinary shares and over 31 million preferred shares, which are traded on both of Russia's main stock exchanges, the Russian Trading System and the Moscow Interbank Currency Exchange (Micex).
The company said in January that its common stock was listed as American Depositary Receipts (ADRs) in Frankfurt and Berlin January 25, and started being quoted as first-level ADRs in the open market January 27.
