Recent news

04.09.2009
CenterTelecom: H1 2009 IFRS net profit rises to Rub 2.9 bln

Press release

Moscow, September 4, 2009. The largest telecommunications operator in the Central Federal District of the Russian Federation, CenterTelecom, hereby announces the results of its business activities for the first half of 2009 in accordance with international financial reporting standards (IFRS).

Headline financial indicators (Rub, mln)

H12009

H1 2008

Change, %

Income

18,212

16,937

7.53

Operating expenses(net)

12,721

12,552

1.35

Operating profit

5,491

4,385

25.22

Profitbeforetaxation

3,875

3,408

13.70

EBITDA^{^[1]}

8,461

6,739

25.55

EBITDA margin^{^[2]}^. %

46.46

39.79

-

Profit during reporting period

2,927

2,431

20.40

Profit margin during reporting period^{^[3]}^.%

16.07

14.35

-

As of June 30, 2009

As of June 30, 2008

Change, %

Non-working assets

47,439

48,829

-2.85

Long-termliabilities

18,445

16,607

11.07

Short-termliabilities

18,630

17,923

3.94

Net debt ^{^[4]}

21,364

23,765

-10.10

Structure of CenterTelecom’s profits for H1 2009 (Rub, mln)

H12009

H12008

Change, %

Local telephony

8,262

7,723

6.98

Intrazonal telephony

2,869

2,925

-1.91

Datacom and telematic services (Internet)

2,998

2,184

37.27

incl. Internetaccessв

2,433

1,756

38.55

Interconnect and traffic transmission

1,892

1,935

-2.22

Outsourcingandagency

533

565

-5.66

Other telecom services

1,138

1,255

-9.32

Incomefromothersales

520

350

48.57

incl. earnings from lease of assets

376

247

52.23

Total

18,212

16,937

7.53

In the first six months of 2009 CenterTelecom’s revenue rose 7.53% compared to the same period last year. The increase in revenue was due to the following factors:

a dynamic 28.03% increase in the user base of Domolink broadband Internet services to 902,739 subscribers (vs. 705,075 subscribers as of year-end 2008). The share of revenue from Internet access services reached 13.36% in the company’s revenue mix (vs. 10.37% in H1 2008);

an increase in the number of main telephone lines to 6,695,994 at the end of H1 2008, which is 0.27% higher than in the year-earlier period.

Structure of CenterTelecom’s operating expenses in H1 2009 (Rub, mln)

H12009

H12008

Change, %

Payrolls

4,917

4,844

1.51

Depreciation and amortization

3,195

2,229

43.34

Materials, repair and service, utility services

1,736

1,299

33.64

Taxes, except for income tax

433

428

Recent news

04.09.2009 CenterTelecom: H1 2009 IFRS net profit rises to Rub 2.9 bln

04.09.2009
CenterTelecom: H1 2009 IFRS net profit rises to Rub 2.9 bln