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VolgaTelecom

November 1, 2005

OJSC “VolgaTelecom” sums up the results of its financial-economic activity for quarter III of year 2005

Nizhny Novgorod, November 2005:  At the end of quarter III of year 2005 OJSC “VolgaTelecom” hit its activity targets. In accordance with Russian Accounting Standards OJSC “VolgaTelecom” revenues for quarter III of year 2005 amounted to 5 298,7 million rubles (the rate of growth vs. the relevant period of year 2004 – 115%). Communication services income reached 5 157,5 million rubles (114,9%).

In the structure of income the major portion falls on local communication services income – 45,2% (2 331,6 million rubles), DLD & ILD – 31,2% (1 611,3 million rubles), and income of traffic connection and carrying – 13,1% (673,7 million rubles), and new services income – 7,2 % (369,6 million rubles).

The rate of growth of ordinary activities expenses for quarter III of year 2005 amounted to 119,8 %, and the total amount of expenses – 3 893 million rubles. 

By the results of the reporting period the sales profit grew up to 1 405,6 million rubles (103,7 %,) and sales profit margin amounted to 36,1%.

Income before tax increased to 727 million rubles (112,1 %), and income before tax margin – 18,7 %.

Net profit – 442 million rubles (113 %), net profit margin - 11,4%.

EBITDA – 1 566 million rubles (128,8 %), EBITDA margin – 29,6 %.

According to the results of quarter III of year 2005 the number of lines per an employee increased to 98,6 (110,7%), revenue per an employee – 111,7 thousand rubles (118,5 %), expenses per an employee – 82,1 thousand rubles (123,1 %). Revenue per a line amounted to 1 133,4 rubles (112,2 %). Prime cost of 1 ruble of revenue – 0,73 ruble.

In quarter III of year 2005 OJSC “VolgaTelecom” invested 1 475 million rubles, thus, since the beginning of year 2005 3 481 million rubles have been invested into the development of communication facilities, out of them 68% were capital investments into the development of local communication, 12% - DLD & ILD, and 9% were allocated for the development of new services.

Taking into account the above listed figures, OJSC “VolgaTelecom” revenues based on the results of operation for 9 months of year 2005 increased to 15 506,4 million rubles (growth rate vs. the relevant period of year 2004 – 116,3%), communication services income increased to 15 115,1 million rubles (116,2%), the expenses were 11 284,9 million rubles (117,6%). EBITDA grew to 4 708,2 million rubles (123,6%), and the net profit amounted to 1 428,1 million rubles (105%).

 

 

 

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