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Recent news31.08.2009 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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6 months ended June 30, 2009 , Rub mln |
6 months ended June 30, 2008 , Rub mln |
Chng., % |
|
Revenue |
8,544 |
7,774 |
9.9% |
|
from telecom services |
8,322 |
7,648 |
8.8% |
|
Operating expenses (net) before depreciation |
5,301 |
4,915 |
7.9% |
|
3,243 |
2,859 |
13.4% | |
|
OIBDA margin,% |
38.0% |
36.8% |
- |
|
EBITDA[2] |
3 236 |
2 877 |
12.5% |
|
EBITDA margin,% |
37.9% |
37.0% |
- |
|
Profit for reporting period |
1,435 |
1,115 |
28.7% |
|
Net profit margin, % |
16.8% |
14.3% |
- |
Composition of subsidiary companies
|
Company name |
Type of activity |
Share in charter capital and other participatory rights, % | |
|
As of June30, 2009 |
As of December 31, 2008 | ||
|
Sakhatelecom |
Telecom services |
51,00 |
51,00 |
|
Akos |
Telecom services |
94.45 |
94.35 |
|
Interdaltelecom |
Telecom services |
100.00 |
100.00 |
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WirelessInformationTechnologies |
Telecom services |
100,00 |
100.00 |
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Network Capital (owned by Sakhatelecom) |
Telecom services |
100.00 |
100.00 |
|
Shakhtersvyaz |
Telecom services |
100.00 |
100.00 |
General Director Andrey Balatsenko had the following to say: “We’re satisfied with the results of the Group’s companies in the first half of 2009. Revenue outpaced the rise in net operating expenses, OIBDA came in 13% higher than in the year-earlier period, net profit increased by 29%, and profit margin exceeded 16%. The healthy business model, which was chosen by the company during the pre-crisis period, concerted efforts to boost market share and the rollout of value-added services enabled us to achieve this performance”.
Revenue from sales
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6 months ended June 30, 2009 , Rub mln |
6 months ended June 30, 2008, Rub mln. |
Chng., % |
|
Local telephony |
3,205 |
2,907 |
10.3% |
|
Telegraphic, datacom, telecom services (Internet) |
2,342 |
1 775 |
31.9% |
|
Intrazonal telephony |
1,231 |
1,246 |
(1.2%) |
|
Interconnect and traffic transmission |
735 |
897 |
(18.1%) |
|
Mobile (cellular) telephony |
541 |
579 |
(6.6%) |
|
Mobile services, radio broadcasting, wire and television broadcasting |
80 |
69 |
15.9% |
|
Other telecom services |
188 |
175 |
7.4% |
|
Total revenue from telecom services |
8,322 |
7,648 |
8.8% |
Higher revenue was attributable to:
Telegraphic, datacom and telematic services (Internet)
The most rapid growth in income came from interactive digital television, which amounted to 70% (for 6 months ended June 30, 2009 equal to Rub 106.3 mln, compared to Rub 62.5 mln in the year-earlier period). The rise in earnings was due to an increase in the subscriber base (+32,551 subscribers) for a total of 62,240 subscribers as of the six months ended June 30, 2009, up from 29, 689 as of the six months ended June 30, 2008). An increase in the subscriber base is attributable to the commercial launch of service at the Amur branch of Far East Teleceom in June 2008.
As for broadband Internet services, earnings rose 44% for 6 months ended June 30, 2009 equal to Rub 1,821.9 mln, compared to Rub 1,263.7 mln in the year-earlier period. The main revenue growth driver was the increase in the subscriber base. Compared with the same period in 2008, it increased by 135,539 subscribers (including 19,341 subscribers at Sakhatelecom) and reached 373,196 subscribers. In addition, the indicator “Average revenue per user” (ARPU) for 6 months ended June 30, 2009 stood at Rub 866 (compared to Rub 932 6 months ended June 30, 2008).
Major growth in revenue equal to Rub 25.6 mln (44%) was seen in virtual private networks (IP VPN) Rub 84.1 mln for 6 months ended June 30, 2009 vs. Rub 58.6 mln for 6 months ended June 30, 2008 as a result of a rise in the subscriber base – 1,679 for 6 months ended June 30, 2009 vs. 1,364 for 6 months ended June 30, 2008.
Local telephony
Growth from local telephony was attributable to an 11.2% tariff hike at Far East Telecom effective September 20, 2008 and 8.7% at March 1, 2009 and 6.3% at Sakhatelecom effective March 1, 2009. The subscriber base of local telephony users as of June 30, 2009 decreased by 0.6% or by 9,235 subscribers compared with the subscriber base as of June 30, 2008 and stood at 1,620,676 subscribers. [4].
Intrazonal telephony
Intrazonal telephony earnings for the first six months of 2009 decreased by 1.2% compared to the same period in 2008. The decrease in revenue was due to a contraction in F2F traffic by Rub 73.8 mln, or by 14%. This was due to a 16% decrease in F2F traffic or by 20,073,000 min. as a result of mobile substitution.
Mobile (cellular) telephony
Cellular telephony revenue for the first six months of 2009 decreased by 6.6% compared to the same period in 2008, or by Rub 38 mln. This was due to a decline in revenue at the
Interconnect and traffic transmission
An 18.1% increase in revenue or Rub 162 mln from interconnect and traffic transmission for six months ended June 2009 was attributable to the following factors:
Operating expenses and revenue