Recent news

02.11.2009
CenterTelecom: 9M09 results

Press release

Moscow, November2, 2009, hereby announces its 9M09 financial results in accordance with Russian Accounting Standards (RAS).

CenterTelecom’s 9M09 headline financial indicators, RUR, mln

Indicator

9M09

9M08

%, change

Operating revenue

26,776

24,841

+7.79

incl. telecomrevenue

25,249

23,482

+7.52

Operating expenses

21,738

18,795

+15.66

incl. depreciation

3,277

3,141

+4.34

EBITDA(1)

12,799

9,901

+29.27

EBIT

5,038

6,046

-16.67

Net profit

4,072

2,981

36.60

(1) EBITDA is calculated as earnings before interest payable, taxation, depreciation and lease payments, minus interest receivable.

Key efficiency ratios:

The number of lines per employee increased 33.20% to 234 lines (vs. 176 lines in 9M08);

Revenue per line increased 7.13% in 9M09 from RUR 3,636 in 9M08 to RUR 3,895 during the reporting period;

Revenue per employee amounted to RUR 913,000 in 9M09, which is 42.68% higher than 9M08 at RUR 640,000;

The average number of staff decreased by 24.45% to 29,324 employees (down from 38,815 in 9M08).

EBITDA margin reached 47.80% vs. 39.86% during the same period in 2008.

Revenue breakdown, 9M09, RUR, mln

Indicator

9M09

9M08

%, Change

Local voice telephony

12,736

11,880

+7.21

Intrazonal telephony

4,498

4,629

-2.83

Datacom and ISP

4,369

3,244

+34.68

incl. Internetaccess

3,725

2,727

+36.60

Outsourcingandagency

752

790

-4.81

Interconnect and traffic transmission

2,702

2,825

-4.35

Other telecom revenues

944

904

+4.42

Revenue from other sales (non-operating activities)

775

569

+36.20

incl. lineleasing

574

400

+43.50

TOTAL

26,776

24,841

+7.79

The number of xDSL broadband subscribers as of October 1, 2009 increased by 97.04% compared with the same period last year and totaled 1,010,826 subscribers (up from 513,000 as of October 1, 2008). The proportion of revenue from ISP increased to 13.9% (10.9% as of 9M09).

The number of main telephone lines increased by 0.12% in the first nine months of 2009 compared to the year-earlier period and stood at 6,698,076 lines (6,690,360 in 9M08).

Expenses in 9M09, RUR, mln

Indicator

9M09

9M08

%, Change

Depreciation

3,277

3,141

+4.34

Payrollsandsocialsecuritycontributions

6,664

6,516

+2.27

Material expenses

1,535

1,278

+20.11

Interconnect

1,911

2,091

-8.61

Leasing

3,628

1,962

+84.91

incl. rental payments

3,117

1,488

+109.45

Other

4,723

3,807

+24.05

TOTAL

21,738

18,795

+15.66

The increase in other expenses (higher costs for maintenance of public phones), and lease payments in 9M09 is attributable to CenterTelecom’s participation in a project to phase in the universal service mechanism in the territory of the Central Federal District of the Russian Federation. In accordance with the effective legislation, these expenses are to be reimbursed from the Universal Service Fund.

For more detailed information on the company’s 9M09 financial statement, click on this link.

Recent news

02.11.2009 CenterTelecom: 9M09 results

02.11.2009
CenterTelecom: 9M09 results