RCS&RDS, profit increases 8 times to 35m euros

Last year, the telecom, software and services sectors derived the biggest profits for domestic firms, according to the data published on the Economy and Finance Ministry website. The smallest margins were registered in IT&C product distribution. RCS&RDS, the second largest domestic cable TV operator (also a provider of satellite TV, Internet and telecom services) last year registered a net profit worth 34.8m euros, eight times higher than the level registered during the previous year. Gross income stood at 42.9m euros in 2006. The company’s turnover doubled to 221.7m euros. UPC Romania, the largest domestic cable TV operator, last year registered an operating income worth 58m euros amid 140m-euro revenues. Data from the Finance Ministry indicates that some of the biggest profit margins were also registered in the software and IT services sector last year, even though some companies, particularly those depending on the state investments in technology, reported lower revenues and incomes.