print version 

Find company
Home About the ProjectContact usFor the Clients
Enter code or ISIN
 
alpha / industry search

Issuers' Corner
Press Releases
Annual Reports Library

Financial Statements
SEC & FFMS Filings
Corporate Presentations
GM Materials
Issues Documents
Corporate Governance Materials
Russian Company Guide
Company Profiles
Corporate Calendar
Markets Corner
Consensus Estimates
Media Corner
News Line


Get updates



Home  Issuers' Corner  Press Releases REGISTER LOG IN

Press Releases

company search
all press releases
all Svyazinvest press releases

Svyazinvest

September 5, 2003

VolgaTelecom releases IAS financial statement

Nizhny Novgorod, September 2003: OJSC VolgaTelecom (RTS: NNSI, NNSIP) has released its 2002 IAS consolidated financial statement.  The statement includes the results of merged entities in view of the super-regional consolidation which took place in the Volgafederal district in 2002.

Ernst & Young Vneshaudit conducted the audit of the company’s financial statement.

Key financial indicators are as follows:

·        Revenue was Rub 13.2 bln;

·        Opex was Rub 10.9  bln;

·        profit from primary activity was Rub 2.3 bln;

·        EBITDA* was Rub 4.2 bln;

·        Pre-tax profit was Rub 2.3 bln;

·        Net profit was Rub 915 mln;

·        Income per common share was Rub 3.43;

·        Long-term assets stood at Rub 17.6 bln;

·        Current assets stood at Rub  2.5 bln;

·        Current obligations were Rub 4.0 bln;

·        Cash flow at end of reporting period was Rub 214.8 bln.  

The company’s revenue rose 21% compared to RAS mainly due to the consolidation of the cellular business. Cellular revenue accounted for 10.8% of the company’s total revenue in 2002, whereas the largest revenue component was 32% from LD traffic.  In addition, 37% of all revenues were attributable to value-added customers, one of the company’s target market segments.

According to IAS, Volga Telecom’s EBITDA exceeded the RAS indicator by just 1%.  EBITDA margin was 32% compared with 38% as per RAS. The main reason for this divergence is a different basis for accounting.

 

 

 

Search by industry

Agriculture, Foresty and Fishing | Chemicals | Engineering | Ferrous Metals | Financial, Insurance & Real Estate | Food & Kindred Products | General Construction | Information Technology | Media & Publishing | Non-Ferrous Metals | Oil & Gas | Pharmaceuticals | Power Industry | Precious Metals and Diamonds | Telecommunications | Transportation | Wholesale & Retail Trade

Search by alpha index

A B C D F G H I K L M N O P R S T U V W X Z


Site Map
© RUSTOCKS.com
Privacy Statement | Disclaimer