March 02, 2006 |
|Moscow City Telephone Network, known as MGTS, will report record profit of more than $313 million for 2005, Vedomosti reported Wednesday, citing two people close to the company.|
More than half of the record profit came from a revaluation of assets still held by the company in former subsidiaries, generating $193 million, the newspaper reported. It is unclear how this will affect dividend payouts, it said.
MGTS is controlled by Sistema.
|Full company name||Public Joint Stock Company Moscow City Telephone Network (MGTS)|
|Country of risk||Russia|
|Country of registration||Russia|