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Uralsvyazinform

October 3, 2008

1H 2008 Results under IFRS

Ekaterinburg – October 03, 2008 – Uralsvyazinform (RTS and MICEX: URSI/URSIP, ADR: UVYZY/UVYPY) – the leading carrier of fixed-line and mobile services in the Urals region presents interim non-audited consolidated financial statements for the 1st half year of 2008 in compliance with International Accounting Standards (IAS).

 

Revenue growth amounted to 15.2% compared to the 1st half year of 2007, the increase was accomplished, for and foremost, through:

Revenue gains in mobile services;

Revenue gains in new services (network services of data transmitting, telematic services as well (Internet access)).

Revenue growth in core segments totaled:

mobile services – 20.5%;

network services of data transmission and telematic services (Internet access) – 65.3%;

interconnection services – 15.9%.

OIBDA increased by 24.2% compared to the level of the 1st half year of 2007. According to the results of the 1st half year of 2008 OIBDA margin equaled 35.9% (+2,6 p.), operating margin amounting to 18.1% (-0.2 p.p.).

Net profit rose by 39.0% and made up US$ 70.8 mln.

On September 01, 2008 total subscriber number totaled 9.2 mln, including 5.5 mln in GSM.

Since September 01, 2008 the tariffs on local fixed-line connection for citizens– users of fixed-line services that chose the unlimited tariff, providing calculation of the time of local fixed-line connections is feasible, have rosen by 20% in average.

 

 

 

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