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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 |
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