Recent news

21.09.2009
Sibirtelecom releases 1H 2009 IFRS financial results

Press release

Sibirtelecom (RTS: ENCO/ENCOP, ENCOG/ENCOPG; МICEX: STKM/STKMP; ADR: ОТС– SBTLY, Frankfurt and Berlin stock exchanges – ISIN: US8257351036, WKN: 260452) – a telecommunications operator which provides services in the Siberian Federal District , hereby announces the release of its unaudited consolidated interim financial reports for a 6-month period ended June 30, 2009, which were prepared in accordance with international financial reporting standards (IFRS).

The consolidated financial statements include the assets, liabilities and results of the activities carried out by Sibirtelecom and its subsidiaries (hereinafter, the Company). The primary activity performed by the subsidiaries of the company is that of providing cellular telephony and other telecommunications services.

Headline IFRS financial indicators (Rub, mln)

For six months ending June 30

Change, %

2009

2008

Revenue

19,070

18,461

3.3

OIBDA^{^[1]}

7,407

7,222

2.6

OIBDAmargin

38.8%

39.1%

EBITDA^{^[2]}

6,981

7,278

(4.1)

EBITDAmargin

36.6%

39.4%

Other operating income

638

490

30.2

Operating expenses

(16,373)

(15,161)

8.0

Operating profit

3,335

3,790

(12.0)

Operatingprofitmargin

17.5%

20.5%

Profit before taxation

1,276

2,779

(54.1)

Profit for the reporting period

851

2,005

(57.6)

Profit margin for reporting period

4.5%

10.9%

Revenue

The company’s consolidated revenue for the six months ended June 30, 2009 stood at Rub 19,070 mln, which implies an increase of Rub 609 mln or 3% higher compared with the same period in 2008.

The main factors driving growth in the company’s revenue during the reporting period include growth in the fixed-line and cellular telephony subscriber base, as well as expansion of broadband Internet access services, which led to growth in the number of Internet users and Internet traffic.

Revenue breakdown (Rub, mln)

Type of revenue

For six months ending June 30

Change

2009

2008

Rub, mln

%

Intrazonal telephony

2,498

2,662

(164)

(6.2)

Local voice

5,854

5,709

145

2.5

Telegraphic, datacom and telematic services (Internet)

2,855

2,230

625

28.0

incl. datacom and telematic services (Internet)

2,734

2,122

612

28.8

Mobileand radio (cellular) telephony

4,892

4,815

77

1.6

Interconnect and traffic transmission

1,840

2,058

(218)

(10.6)

Outsourcing and agency

266

311

(45)

(14.5)

Mobile telephony, wire broadcasting, radio broadcasting, television

217

213

4

1.9

Other services (primary types of activity)

3

5

(2)

(40.0)

Revenue from other sales

645

458

187

40.8

incl. assetsleased

380

220

160

72.7

Total

19,070

18,461

609

3.3

Recent news

21.09.2009 Sibirtelecom releases 1H 2009 IFRS financial results

21.09.2009
Sibirtelecom releases 1H 2009 IFRS financial results