print version 

Find company
Home About the ProjectContact usFor the Clients
Enter code or ISIN
 
alpha / industry search

Issuers' Corner
Press Releases
Annual Reports Library

Financial Statements
SEC & FFMS Filings
Corporate Presentations
GM Materials
Issues Documents
Corporate Governance Materials
Russian Company Guide
Company Profiles
Corporate Calendar
Markets Corner
Consensus Estimates
Media Corner
News Line


Get updates



Home  Issuers' Corner  Press Releases REGISTER LOG IN

Press Releases

company search
all press releases
all Svyazinvest press releases

Svyazinvest

August 5, 2003

Volga Telecom releases 1H 2003 financials

Volga Telecom generated gross revenue of Rub 6.4 billion in 1H 2003, which is up 25% on the same period last year.  Revenue from telecom services rose by 25.6% up to Rub 6.2 billion.  The company’s operating expenses stood at Rub 4.7 billion (up 131.5%). 

Sales profit reached Rub 1.6 billion (up 109.3%), while pre-tax profit amounted to Rub 1.2 billion (up 128%), while net profit rose Rub 792 million.  EBITDA increased by 35.9% and reached Rub 1.8 billion.   

- profit margin on sales revenue for the first six months of 2003 – 25.7%;

- pre-tax profit margin – 23.7%;

- net profit margin – 12.5%

During the first six months of 2002 the company allocated Rub 1.7 billion (160.8% growth rate).  Increase in main telephone lines reached 108,200 units (122/1% more than during the first half of 2002).  Outgoing paid exchange on long-distance and international traffic posted an increase of 121.5% for a total of 932,881,000 minutes. 

The average number of staff employed at the company during 1H 2003 dropped to 49,484 (95.1% growth rate compared to 1H 2002).  Average number of lines was up by 6.1% and reached 3,944,251.

 

 

 

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