Press release
Moscow, December 1, 2009. CenterTelecom has reported its 9M09 financial results drafted to International Financial Reporting Standards (IFRS). The company’s consolidated interim financial statement for the first nine months of 2009, consists of the balance sheet, the profit and loss statement, the report on aggregate income and the cash flow statement, the report on changes in equity capital, and notes to the financial statement.
In accordance with IFRS standards, revenue stood at RUR 27.4 bln in the first nine months of 2009. Operating expenses amounted to RUR 21.3 bln, while operating profit for the CenterTelecom came in at RUR 8.4 bln during the reporting period.
Over 45% of CenterTelecom’s revenue in 9M09 falls to earnings derived from local voice telephony, i.e. RUR 12.45 bln. In addition, revenue from datacom and telematic services (Internet) amounted to RUR 4.5 bln, which implies 16.45% of total revenues. EBITDA totaled RUR 13.93 bln, while EBITDA margin came to 47.50%.
CenterTelecom’s consolidated net profit amounted to RUR 4.75 bln in the reporting period.
The full text of CenterTelecom’s IFRS 9M09 consolidated financial statement is posted on the company’s corporate website.
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Statement of conformity
This consolidated financial statement was prepared and presented with a number of deviations from IAS 34 Interim Financial Statement, and also other international standards and the respective interpretations approved by the Committee for International Financial Reporting Standards (CIFRS).
- the consolidated interim report on profits and losses;
- the consolidated interim report on aggregate income;
- the consolidated interim report on cash flows;
- the consolidated interim report on changes in equity capital, and
- a number of notations to the Group’s consolidated financial statement;
CenterTelecom has no comparable date for the nine months ended September 30, 2008. All information should be considered in view of the annual consolidated financial statement of the CenterTelecom Group of companies for the year ended December 31, 2008.
