North-West Telecom JSC the leading telecommunication provider in North-West region of Russia, today announces its unaudited consolidated IFRS financial results for the year 2010 [1] .
Key Financial Highlights
|
RUB, mln |
2010 |
2009 |
Y-o-Y |
|
Revenue |
28,368 |
26,566 |
7% |
|
OIBDA[2] |
12,701 |
11,577 |
10% |
|
OIBDA margin |
44,8% |
43,6% |
1.2 p.p . |
|
Operating income |
5,909 |
4,718 |
25% |
|
Operating income margin |
20,8% |
17,8% |
3.0 p.p . |
|
Net income |
3,763 |
2,592 |
45% |
|
Net income margin |
13,3% |
9,8% |
3.5 p.p . |
Revenue Breakdown
|
RUB, mln |
2010 |
2009 ãîä |
Y-o-Y |
|
Local access |
14,196 |
13,407 |
6% |
|
Intra-zonal access |
2,663 |
2,581 |
3% |
|
Data transmission & telematic services (Internet) |
6,303 |
5,526 |
14% |
|
Interconnection services |
2,495 |
2,596 |
(4%) |
|
Agency fees |
591 |
661 |
(11%) |
|
Mobile radio services, wire & radio broadcasting, television |
329 |
391 |
(16%) |
|
Other services (core business) |
2 |
- |
|
|
Revenue from other services (non-core business) |
1,789 |
1,404 |
27% |
|
Total |
28,368 |
26,566 |
7% |
North-West Telecom increased its base of broadband users on 25% to 1,047 thousand subscribers for the year 2010.
Operating Expenses before Depreciation and Amortization
|
RUR, mln |
2010 |
2009 |
Y-o-Y |
|
Personnel costs |
8,661 |
8,403 |
3% |
|
Material, repairs and maintenance, utilities |
4,377 |
4,762 |
(8%) |
|
Interconnection charges |
1,992 |
1,924 |
4% |
|
Other operating costs |
5,253 |
4,340 |
21% |
|
Total |
20,283 |
19,429 |
4% |
North-West Telecom’s financial statements by Russian Accounting Standards will be placed on Company’s web-site as soon as auditor’s report would be signed.
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