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  CenterTelecom REGISTER LOG IN

Press Releases > CenterTelecom  all about the company

company search
all press releases
all CenterTelecom press releases

CenterTelecom

November 2, 2004

CenterTelecom has published its results for 9 months of 2004 to RAS

Moscow, November 2, 2004 - CenterTelecom (RTS: ESMO, ESMOP; OTC: CRMUY), a major fixed telecommunications provider, published its financial results to RAS for 9 months of 2004.

The key indicators for 9 months of 2004:

Sales - RUR 17 987.2 million, including RUR 6 183.8 million in Q3

Sales margin - RUR 3 570.1 million, including RUR 1 401.0 million in Q3

Operating costs - RUR 14 417 million, including RUR 4 782.7 million in Q3

Net profit - RUR 5.1 million, including RUR 27.9 million in Q3

EBITDA - RUR 3 521.7 million

As of the end of 9 months of 2004, sales grew 20.9 % y-o-y due to the growth of the sales volume of the basic and value-added services. The scheduled rates increase has been postponed from 01.07.2004 until a later date due to the reform of administrative authorities of the Russian Federation.

During the aforementioned period, despite the inflation and a reasonable costs growth (first of all amortization, property insurance, clearances with Rostelecom ) the company was able to overcome the negative trend and net RUR 5.1 million for 9 months of 2004. This demonstrates the management’s ability to control costs, to contribute to rates growth and to respect its obligations.

The company plans to optimize its investment costs to obtain better financial results.

Contacts:

CenterTelecom Elena Romskaya Ph: +7 095 793 23 19
E-mail: esidorovich@centertelecom.ru
Andrey Kalinchenko Ph: +7 095 209 57 21
E-mail: kalin@centertelecom.ru


CenterTelecom is a leading fixed communications company providing the entire range of telecommunication services in the Central Federal District where over 20 % of the population of Russia resides. CenterTelecom offers the full range of telecommunication services, including telephony service, the Internet, IP telephony, data communications, CATV, wired and VHF broadcasting. The company actively develops modern multiservice and SDH networks as well as new radio access systems. The Company trades on RTS (ESMO, ESMOP), Moscow Interbank Currency Exchange (CTEL, CTELP) and has ADR Level 1 common stock program (CRMUY).



 

Copyright © 2004 Joint-Stock Central Telecommunication Company

 

 

 

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