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"Kariera" (Career), April 10, 2003

Business television

RosBusinessConsulting, a company that has been working on the Russian market of business information and high technologies for ten years, posted its results for 2002. These results demonstrated that the company's achievements have significantly surpassed the forecasts of analysts: RBC's revenues increased 62 percent to $27m. The more efficient management of the company resulted in a 51-percent rise in net profits in 2002 to $9.5m. Last year, RBC has successfully floated its shares on the stock exchange, conducting the first IPO on the Russian market. The company floated 16 percent of shares simultaneously on the MICEX and RTS exchanges and attracted more than $13m.

In 2002, RBC was rated among one hundred most rapidly growing IT companies in Europe by Deloitte Touche Tohmatsu.

The company sets its sights on the future with the launch of the first business television channel in Russia, RBC TV. The new television channel is scheduled to start broadcasting in the second quarter of 2003.

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