You're reading: Ukrtelecom sees Hr 5,4 million net profit in 2012

PJSC Ukrtelecom in the first quarter of 2012, according to international financial reporting standards (IFRS), saw a net profit of Hr 5.409 million, while its net income amounted to Hr 1.642 billion.

According to its quarterly report, the gross profit of Ukrtelecom in January-March this year was equal to Hr 385.74 million, operation profit was Hr 5.445 million.

In connection with a transfer to reporting according to IFRS, the company has not provided comparative figures for the first quarter of 2010.

According to Ukrainian accounting standards, its net loss in January-March 2011 was Hr 200.23 million, net income amounted to Hr 1.631 billion. Its net loss in the period grew by 5.5 times, and net income fell by 2.7%.