Total revenues of "UTK" PJSC amounted to 10 567.8 million rubles in 2002, up 28.7% on the year 2001, including revenues from telecom services (sales revenue) of 10 042.4 million rubles, up 27.1% on the year 2001.
The company spending on core activities rose 29.9% on the year in 2002 to 7 870.6 million rubles. "UTK" PJSC costs due to depreciation rose 24.5% on the year to 770.6 million rubles as a result of a 59.1%-increase of fixed assets put into operation valued at 2 973.6 million rubles in 2002.
The company's EBITDA increased 46.5% to 3 249.2 million rubles versus 2 217.7 million rubles in 2001. EBITDA margin in 2002 constituted 30.75%. Operating profit in 2002 reached 2 697.2 million rubles, a 24.9% gain over the year-ago period. Net profit is up 59.7% to 1 561.9 million rubles as compared to 978.3 million rubles in 2001. Considerable profit increase is caused by sale of financial assets (securities).
"UTK" PJSC retains the positive trends of the efficiency of the company's activity resulted from the growth of the company's main financial indicators. Balance sheet profitability in 2002 is up 5.1% to 29.2%. Income per line is up 22.9% amounting to 3291 rubles; income per employee constitutes 248 413 rubles with growth rate of 138.7%; number of lines per employee in 2002 reaches 75.5 lines, a 12.9% gain over the year-ago period.
| Financial indicator |
mln.rubles |
mln.USD* |
| 2001?. |
2002?. |
On yr change, % |
2001?. |
2002?. |
On yr change, % |
| Revenues |
8209,3 |
10567,8 |
28,7% |
281,3 |
337,0 |
19,8% |
| Including sales of telecom services |
7899,2 |
10042,4 |
27,1% |
270,7 |
320,3 |
18,3% |
| Operating profit |
2160,0 |
2697,2 |
24,9% |
74,0 |
86,0 |
16,2% |
| Pretax profit |
1459,9 |
2296,6 |
57,3% |
50,0 |
73,2 |
46,5% |
| Net profit |
978,3 |
1561,9 |
59,7% |
33,5 |
49,8 |
48,6% |
| EBITDA |
2217,7 |
3249,3 |
46,5% |
76,0 |
103,6 |
36,4% |
* (US $ 1 = annual average value of the official rate set by Central Bank of the Russian Federation in the years 2001-2002)
Capital expenditures in 2002 are up 102.6% exceeding 3571.6 million rubles, capex for business development being the main share. In 2002 374 250 lines were put into operation, a 61,6% increase over the year-ago period. Number of basic telephone sets were increased by 165.8 thousand telephones, up 8,3% on the year 2001. Average number of lines as at 01.01.2003 is 3 211 thousand lines.
In 2002 length of long-distance telephone channels increased by 1629.25 thousand channel/kilometer to 8677.85 thousand ch/km, including length of digital transmission system channels being increased by 1777 thousand ch/km to 6442.8 thousand ch/km. Length growth of "UTK" PJSC digital inter-city telephone channels comes out of the annual increase of building volume of the company transportation network. Business plans for the year 2003 provide for further development of digital transportation network that will make it possible to improve the networks operation and to increase the volume of the provided services. In 2002 length of "UTK" PJSC inter-zonal fiber-optic lines grew by 686.95 km constituting 4351.2 km at 01.01.2003.
Technical policy of "Southern Telecommunications Company" PJSC aimed at development and introduction of new technologies determines further increase of the share of revenues from ISDN, Internet and intelligent services (2,7% in 2001, 2,9% in 2002, 3,5% in 2003).
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