Support The Moscow Times!

Rostelecom, Phosagro: Business in Brief

Rostelecom Q2 Profit Falls 31%

Russian state telecoms operator Rostelecom said on Thursday its second-quarter net profit from ongoing operations fell 31 percent, year-on-year, to 6.1 billion rubles ($168 million).

The company also said its sales from ongoing operations were up 2 percent, year-on-year, to 72.6 billion rubles. (Reuters)

Phosagro First Half Profits Grow 70%

Russian fertilizer company Phosagro said on Thursday its first-half net profit rose 70 percent, year-on-year, to 8.1 billion rubles ($231 million).

Phosagro, one of the world's largest producers of phosphate fertilizers, said revenue rose 6 percent year-on-year to $1.6 billion. (Reuters)

Read more

We need your help now more than ever.

Independent media outlets and journalists in Russia are being increasingly targeted with “foreign agent” and “undesirable” labels, threatening the existence of the free press day by day.

Your donation to The Moscow Times directly supports the last independent English-language news source within Russia.