Currency rates from 22/11/2024
$1 – 12844.21
UZS – -0.09%
€1 – 13508.26
UZS – -0.46%
₽1 – 127.35
UZS – -0.63%
Search
Economy 04/05/2007 Coscom net profit down 5.6% on year in 2006

The net profit of Coscom, Uzbekistan’s third largest mobile operator, fell 5.6% on the year to 1.588 billion soms in 2006, the company said Thursday.

Coscom said net revenue from sales of services had risen 75% on the year to 32.652 billion soms last year. The company did not explain the drop in net profit.

Coscom said assets had increased 35.5% on the year to 70.806 billion soms in 2006 and capital expenditures rose 2.9% to 11.968 billion soms.

The US’ MCT Corporation holds 85% in Coscom. The operator had 378,000 users before its license was suspended in February for ten days due to alleged violations of its license agreement.

Stay up to date with the latest news
Subscribe to our telegram channel