Home  Issuers' Corner  Press Releases
CLOSE

Press Releases

company search
all press releases
all Svyazinvest press releases

Svyazinvest

August 31, 2003

Siberia Telecom posts 1H 2003 results

The following is a summary of Siberia Telecom/s 1H 2003 financial results:

- Revenue from sale of goods (work and services) stood at Rub 6.9 billion, which is equal to 122.8% compared with the same period last year (Rub 5.6 billion);

- Sales profit totaled Rub 1.5 million, which represents an increase of 120.7% compared with the year-earlier period (Rub 1.3 million);

- Pre-tax profit reached Rub 967 million, which is up 179.2% compared with the same period last year (Rub 540 million);

- Net profit stood at Rub 651 million, which represents a gain of 244% compared with the same period last year (Rub 267 million).

 (for further details, see accounting report pro-formas # 1 and 2)

In addition, the breakdown of the company’s expenses looked as follows:

- Payrollexpenses– 33.8%;

- Deductionsforsocialrequirements– 11.9%;

- Depreciation of fixed assets and intangible assets – 9.0%;

- Material expenses (including major repair work);

- Rostelecom payments – 14.3%;

- Other expenses – 20.0%

The volume of long-distance traffic (outgoing paid LD connections) was 803,448,,000 minutes, which is 119% more than the same period last year (671,994,000 minutes).

The volume of international traffic (outgoing paid LD connections) was 41, 328,000 minutes, which is 110.8% more than the same period last year (37,284,000 minutes).

The total amount of the company’s capital investments during January – June 2003 was Rub 1.2 billion, according to preliminary data.

During the first six months of 2003 the company entered 97,098 new urban lines into service and 9,164 rural lines.

 

 

 

Search by industry

Agriculture, Foresty and Fishing | Chemicals | Engineering | Ferrous Metals | Financial, Insurance & Real Estate | Food & Kindred Products | General Construction | Information Technology | Media & Publishing | Non-Ferrous Metals | Oil & Gas | Pharmaceuticals | Power Industry | Precious Metals and Diamonds | Telecommunications | Transportation | Wholesale & Retail Trade

Search by alpha index

A B C D F G H I K L M N O P R S T U V W X Z



Site Map
© RUSTOCKS.com
Privacy Statement | Disclaimer