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North-West Telecom

October 31, 2007

OJSC North-West Telecom has summed up the results of its operation for 9 months of 2007

OJSC North-West Telecom has summed up the results of its financial and business activities for 9 months of 2007 according to the Russian Accounting Standards (RAS).   

Proceeds from sales amounted to 17,433 million roubles, including 16,161 million roubles from communication services.   As compared to the same period of the last year, the proceeds from sales increased by 16.8%, including the increase of 17.8 % from communication services .  

 As before, the income from the provision of new communication services and from intraareal   communication has shown the greatest growth. Their growth as compared to the same period of the last year has amounted to 66.3% and 34.7% respectively. In absolute terms the income from new communication services has amounted to 2,007 million roubles and the income from intraareal communication to 1,609 million roubles.

According to the results of 9 months of 2007, OJSC North-West Telecom has succeeded in retaining the outstripping growth of income as compared to operating expenses. The expenses of OJSC North-West Telecom for the reporting period have amounted to 12,095 million roubles, having increased by 11.7%. The prime cost of sold services has increased by 13.3% and has amounted to 11,568 million roubles.

The profit from sales for the reporting period has reached 5,338 million roubles, having increased by 30% as compared to the same period of the last year.

The net profit of North-West Telecom has increased by 39.6% and amounted to 3,027 million roubles.

EBITDA has exceeded the figure of the last year by 30,1% and amounted to 7 020 million roubles. EBITDA margin of the reporting period reached 40.3%, which is 4,2 p.p. higher than the figure of 2006.

 

The Accounting Balance Sheet and the Profit and Loss Report of OJSC North-West Telecom for 9 months of 2007   have been published on the corporate site of OJSC NWT in the " Economics and Finance" "Economics and Finance"section.

 

 

 

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