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UTK

October 24, 2003

"UTK" PJSC declares its interim performance results for 9 months of year 2003 according to Russian Accounting Standards

According to preliminary data "UTK" PJSC generated a total revenue of RUR 9.5 bln for 9 months of 2003 which is up 25.1% compared to the same period last year. In addition revenues from sale of telecom services reached RUR 9.3 bln (+27,0% compared to the same period last year). Operating costs stood at RUR 7.1 billion (+25,7%).

According to preliminary results EBITDA parameter stood at RUR 3.2 billion (+27,7%), profit from core activity determined RUR 2.4 billion (+22,8%). EBITDA margin rate reached 33.6%

Pre-tax profit is down 21.9% standing at RUR 1.6 billion. But excluding the sum of gains in financial assets (securities) for 2002 pre-tax profit for 9 months of 2003 posted an increase of 37.7% on the previous year in comparable conditions.

According to preliminary results capex for 9 months of 2003 was RUR 4.6 billion (+127,8 %), fixed assets put into service stood at RUR 3.3 billion (+149,4%). Automatic telephone exchanges with total installed capacity of 281.2 thousand lines (+219,7%) were put into operation. The Company's depreciation charges rose by 42.7% standing at RUR 0.8 billion due to active application of leasing mechanism and considerable growth of fixed assets put into service.

From the beginning of 2003 number of basic telephones rose by 191.6 thousand sets (up 319,3% compared to 9 months of 2002) including 140.5 thousand sets - in urban telephone network and 51.1 thousand sets - in rural telephone network. Thus, as at 1 October, 2003 "UTK" PJSC operates 3.46 million basic telephone sets including 2.63 million - in urban TN and 0.83 million sets - in rural TN.

The volume of long-distance traffic for 9 months of 2003 stood at 1 435 million minutes (+17,8%), including 1 357 mln minutes of long-distance domestic traffic (+18,5%) and 78 mln minutes of long-distance international traffic (+7,9%).

Average number of the Company's employees on pay-roll is decreasing in conformity to plan; as at 1 October, 2033 it was 41 064 people (a 3.5%-decrease on the beginning of 2003).

Tickers of "UTK" PJSC shares:
RTS SE, SPBEX: KUBN, KUBNP
MICEX: UTEL, UTELP
??? USA: STJSY FWB, NEWEX: KUE

 

 

 

 

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