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News

9M 2009 Results under IFRS

18.12.2009

Ekaterinburg – December 18, 2009 – Uralsvyazinform (RTS and MICEX: URSI/URSIP, ADR: UVYZY/UVYPY) – the leading carrier of fixed-line and mobile services in the Urals region presents interim non-audited consolidated financial statements for and as of 9 months of 2009 in compliance with International Accounting Standards (IAS).

  • As of 1H09, revenue amounted to RUR 30,254 million. Operating expenses amounted to RUR 25,705 million.
  • The key revenue items as of 1H09 included cellular services (31.8% of total revenue), local telephone services (25.8%), Internet and data transmission (15.8%), intrazone telephone services (11.3%), and interconnection services (11.1%).
  • EBITDA [1] reached RUR 11,838 million. EBITDA margin [2] increased to 39.1%.
  • Operating profit amounted to RUR 5,709 million. Operating margin – 18.9%. Pre-tax profit totaled RUR 3,238 million.
  • As of 1H09 net profit amounted to RUR 2,426 million. Net margin – 8.0%.

Financial highlights

in Ruble million

As of 9 months of 2009 As of 2008
Revenues 30,254 40,691
EBITDA 11,838 13,792
EBITDA margin 39.1% 33.9%
Operating profit 5,709 6,481
Operating margin 18.9% 15.9%
Net profit 2,426 2,535
Net margin 8.0% 6.2%

[1] EBITDA is calculated as a sum of profit before income tax less depreciation and amortization and interest payable (net).
[2] EBITDA margin, Operating margin, Net margin represent EBITDA, Operating profit, and Net profit (Profit for the period) expressed as a percentage of revenue.

Complete accounting statements of Uralsvyazinform as of 9 months of 2009 under IFRS (document in Russian)

Please download full PDF version to continue with Financial Overview 9m09Financial Overview 9m09

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