Uralsvyazinform (RTS and the Moscow Interbank Stock Exchange: URSI/URSIP, ÀÄÐ: UVYZY/UVYZYP) - the leading carrier of fixed-line and mobile services in the Urals region presents interim non-audited consolidated financial statements for the 1st half of 2010 in compliance with International Accounting Standards (IAS).
- Company revenue increased by 6,0 % to RUR21,3 bln as for 1 half-year 2009 RUR 21,3 bln;
- EBITDA1 amounted to RUR9 732 mln., increased by 23,2 % to level of 1 half of last year.
- EBITDA margin2 amounted to 45,7% (6 months of 2009 — 39,3 %).
- the operating profit increased by 39,5 % and amounted to RUR5 561 mln.
- the profit for the period increased by 127,1 %, amounted to RUR3 765 mln. Net margin increased to 17,7 % (+9,4 percentage points).
Financial highlights
|
6 months 2010 |
6 months 2009 |
Change |
Revenues, RUR mln |
21 308 |
20 102 |
+6,0% |
EBITDA, RUR mln |
9732 |
7899 |
+23,2% |
EBITDA margin, % |
45,7% |
39,3% |
+6,4 p.p. |
Operating profit, RUR mln |
5561 |
3986 |
+39,5% |
Operating margin, % |
26,1% |
19,8% |
+6,3 p.p. |
Profit for the period, RUR mln |
3765 |
1658 |
+127,1% |
Net margin, % |
17,7% |
8,2% |
+9,4 p.p. |
Net debt, RUR mln3 |
13 782 |
21 104 |
–34,7% |
For additional information, please contact IR department on tel. +7 343 379 1219, +7 343 376 2166 or e-mail: investor@gd.usi.ru.
The most recent company information is also available from this website and www.skrin.ru (complex disclosure information system) or URSI_RU page in Bloomberg system and URSI.RTS page in Reuters system.
1 EBITDA is calculated as a sum of pre-tax profit, interest payable, depreciation & amortization, leasing payments less interest receivable.
2 EBITDA margin, Operating margin, Net margin represent EBITDA, Operating profit, and Net profit (Profit for the period) expressed as a percentage of revenue.
3 Net debt is calculated as difference between percentage debt and cash and cash equivalents.
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