News
1H 2008 Operational and Financial Results under RAS
11.08.2008
Ekaterinburg – August 11, 2008 – Uralsvyazinform (RTS: URSI/URSIP, ADR: UVYZY/ UVYZYP), the leading carrier of fixed-line and mobile services in the Urals region, Russia reports the unconsolidated financial and operational results for the 1H 2008 prepared under Russian Accounting Standards (RAS).
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Revenues increased by 14.6% on 1H 2007 and totaled US$ 834.5 mln. The revenue growth is mainly due to the gains in:
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EBITDA[1] increased by 9.9% on 1H 2007. EBITDA margin amounted to 34.4%. Operating margin – 19.7%.
-
Net profit decreased by 21.0% and amounted to US$ 68.2 mln. Net margin amounted to 8.2%.
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Subscriber base totaled 9.1 mln., including 5.4 mln. GSM mobile subscribers.
Operational and financial highlights:*
| Financial |
1H 2008 |
1H 2007 |
Change, % |
| Revenues, US$ mln* |
834,5 |
728,0 |
+14,6% |
| Costs, US$ mln |
669,7 |
545,5 |
+22,8% |
| EBITDA, US$ mln |
286,8 |
261,1 |
+9,9% |
| EBITDA margin |
34,4% |
35,9% |
- |
| Operating profit, US$ mln |
164,8 |
182,5 |
-9,7% |
| Operating margin |
19.7% |
25.1% |
- |
| Profit before income tax, US$ mln |
98.1 |
124.8 |
-21.4% |
| Net profit, US$ mln |
68.2 |
86.3 |
-21.0% |
| Net margin |
8.2% |
11.9% |
- |
| Operational |
01/07/2008 |
01/07/2007 |
Change, % |
| Fixed-line subscribers, million |
3.7 |
3.7 |
0.0% |
| Mobile subscribers, million |
5.4 |
4.6 |
+17.4% |
| Broadband subscribers, thousand |
392.2 |
192.4 |
+103.8% |
| Digitalization of local fixed-line networks, % |
74.9% |
73.7% |
+1.6% |
| Penetration of fixed services, % |
28% |
28% |
- |
| Penetration of mobile services, % |
100% plus |
100% plus |
- |
| Number of employees |
24,073 |
26,873 |
-10.4% |
* Here and henceforth currency conversions are based on average exchange rates: 1H 2008 – RUR 23.9, 1H 2007 – RUR 26.1
[1] EBITDA is calculated as a sum of pre-tax profit, interest payable, depreciation and amortization, leasing payments less interest receivable.
To view complete accounting statements of Uralsvyazinform as of 1H 2008 under RAS click here
Please download full PDF version to continue with 
1H 2008 Operational and Financial Overview.
For additional information, please contact IR department on tel. +7 343 379 1219, +7 343 379 1859 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.
