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Press Releases > CenterTelecom  all about the company

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CenterTelecom

April 5, 2004

JSC CenterTelecom: the Company's 2003 operating results summed up

According to the 2003 results, the CenterTelecom revenues from sales amounted to RUR 20 890 000 000 (over 700 million USD), which is 27% higher than that generated in 2002.

The revenues from the telecom services increased by 30%, as against the 2002 indicators, and the new services revenues by 1.6 times.

JSC CenterTelecom is developing dynamically. During the last year, the Company built up and upgraded 598.9 thousand automatic telephone exchange numbers with 3 328.6 km of fiber-optic lines put into operation.

The basic financial indicators of JSC CenterTelecom were discussed at the meeting in Suzdal that gathered the directorial corps of the Company comprising the top-managers of all its 17 affiliate entities. Mr. Ruben Amaryan, General Director of the Company, noted that the major-company status (CenterTelecom consolidation took place in November 2002) presents a different business level which successfulness is made evident by its final aggregate operational indicators.

JSC CenterTelecom Financial Indicators for 2003 according to the Russian Accounting Standards

RUR (Million) 2003 ?. 2002 ?. Increment
Operating revenue 20 890 16 389 27,5%
EBITDA (with provision for doubtful debts) 4 852,5 3 336,9 45,4%
Gross profit 5 241 4 257 23,1%
Net profit 1 502 1 084 38,7%
EBITDA margin 23,2% 20,4% +2,8
Gross margin 25,1% 26,0 -0,9
Net margin 7,2 6,6 +0,6




Copyright 2004 Joint-Stock Central Telecommunication Company

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