ALMATY Aug 4 Kazakhstan's state-controlled
fixed line operator Kazakhtelecom KZTK.KZ KZTKya.BE said on
Tuesday its net income fell 16.6 percent year-on-year in the
first half of 2009 to 15.1 billion tenge ($100 million).
The company provided no reason for the decline.
Kazakhstan is expected to report an economic contraction in
the first half of 2009 due to the decrease in prices for its key
exports, oil and metals, and problems in the highly-leveraged
(Writing by Olzhas Auyezov; Editing by Hans Peters)