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. Last Updated: 07/27/2016

Sibirtelecom’s H1 Income Falls 57%

Sibirtelecom’s net income fell 57 percent in the first half on losses related to the ruble’s decline against the dollar, the company said on its web site Monday.

Profit fell to 851 million rubles ($28 million) from 2 billion rubles in the same period last year, while revenue rose 3.2 percent to 19.1 billion rubles.

(Bloomberg)