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The Russia Journal
RBC announces profits
RosBusinessConsulting Information Systems announced 2002 results were better than forecast, with revenue up 62 percent over the year before. "In 2002 all of our businesses demonstrated significant growth due to substantial increases in demand for our diversified product range. We also attribute this impressive growth to RBC's strong leadership in the business media and online advertising markets and an enhanced competitive position in foreign markets as an IT solution provider," said chairman and CEO GermanKaplun in a release.
"We expect that a stable political environment and a strong Russian economy, combined with our focus on the media and IT high-performing sectors, will result in continued solid performance." Kapiun sald the company's investment in RBC TV, the first Russian bisinnes television channel, also improved its position. Revenue in 2002 grew to $27.52 million from $16.95 million in 2001. Net income grew 51 percent, from 6.3 million in 2001 to 9.5 million in 2002. RBC was listed among Deloitte Touche Tohmatsu's ranking of the European Technology Fast 500, the release said.
FACTBOX
RBC
RosBusinessConsulting (RBC) is Russia's leading Internet holding company.
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