[May 21, 2013] Rostelecom Posts First Quarter Results under RAS Tweet May 21, 2013 (Close-Up Media via COMTEX) -- Rostelecom, Russia's national telecommunications operator, announced that its financial statements for the first quarter of 2013, under Russian Accounting Standards ("RAS"), have been made available in the "Investor Relations" section of its corporate website. In a release on May 15, the Company said it would like to draw investors', shareholders' and other stakeholders' attention to certain key points relating to the first quarter results for 2013 which should be taken into account during their analysis. Rostelecom's financial results under RAS for the first quarter of 2013 exclude any contribution from its subsidiaries, including OJSC NTC, CJSC Sky Link and mobile subsidiaries. The Company's balance sheet as at March 31, comprises only Rostelecom's performance, but it also excludes the contributions of its subsidiary companies. Moreover, when analysing the first quarter trends for the 2013 RAS results, it is essential to take into account one-off income and expenditure that occurred in the first quarter of 2012 which related to the organization of the video surveillance project during the Russian presidential elections. Rostelecom intends to publish its financial and operational results under IFRS according to the Company's consolidated statements for the first quarter of 2013 on May 21. These results will include contributions from Rostelecom and its subsidiaries, including OJSC NTC, CJSC Sky Link, as well as the Company's mobile subsidiaries and affiliated companies. Results information: www.rostelecom.ru/ir/results_and_presentations/financials/IFRS More information: www.rostelecom.ru ((Comments on this story may be sent to [email protected])) [ Back To TMCnet.com's Homepage ]