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Tuesday, April 15, 2008

Kazakhtelecom decreases net profit by 16% y/y to USD 252mn in 2007.





Kazakhtelecom decreases net profit by 16% y/y to USD 252mn in 2007. Incumbent fixed-line operator Kazakhtelecom deceased net profit to KZT 30.33bn (USD 252mn) in 2007 from KZT 35.261bn a year earlier, 16% y/y down. The company’s revenues amounted to KZT 125.42bn against KZT 110.561bn in 2006. The company’s assets rose through 2007 from KZT 239.565bn to KZT 305.452bn. Own capital increased from KZT 135.198bn to KZT 167.236bn. Authorized capital remained unchanged at the level of KZT 32.283bn. Kazakhtelecom’s liabilities grew from KZT 104bn to KZT 138bn. Kazakhtelecom has the bigger stake in the Kazakh telecom market. The company is controlled by the government.


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