The Russian cable operator ER Telecom maintained its recent improved financial performance in the first of the year, posting a net profit of R1,578 million (Ä32.8 million).

Its revenues amounted to R11,131 million, up 23% year-on-year, with TV contributing R3,261 million, or 29%, of the total.

EBITDA margin in H1 was 40%, or eight percentage points more than a year earlier, making it, according to the company, the best performing Russian and European telco.

ER Telecom also notes that TVís digital HDTV subscriber total exceeded 500,000 in H1, only two years after its launch.