Recent news

14.12.2009
Sibirtelecom releases 9M09 financial results (IFRS)

Press release

Sibirtelecom (RTS: ENCO/ENCOP, ENCOG/ENCOPG; МICEX: STKM/STKMP; ADRs: ОТС– SBTLY, Frankfurt and Berlin stock exchanges– ISIN: US8257351036, WKN: 260452) – a telecommunications operator which provides services in the Siberian Federal District, hereby announces its unaudited, consolidated and interim financial statement for nine months ended September 30, 2009, drafted in accordance with international financial reporting standards (IFRS).

The unaudited, consolidated and interim financial statement include the assets, liabilities and results of the activities of Sibirtelecom and its subsidiaries (hereinafter, the Company). The main activity of subsidiaries is to provide mobile radio telephone (cellular) services and other telecommunications services.

Headline financial indicators, IFRS (RUR mln)

For 9 months,

Ended September 30

Change, %

2009

2008

Revenue

28,538

27,917

2.2

OIBDA^{^[1]}

11,385

10,815

5.3

OIBDA margin

39.9%

38.7%

EBITDA^{^[2]}

11,076

10,551

5.0

EBITDA margin

38.8%

37.8%

Other operating revenues

1,002

747

34.1

Operating expenses

(24,266)

(23,125)

4.9

Profit from operating activities

5,274

5,539

(4.8)

Profit margin from operating activity

18.5%

19.8%

Pre-tax profit

2,434

3,621

(32.8)

Profit during the reporting period

1,820

2,565

(29.0)

Profit margin during the reporting period

6.4%

9.2%

TheCompany’s revenue

The Company’s consolidated revenue for nine months ended September 30, 2009 amounted to RUR 28,538 mln, which is an increase of RUR 621 mln, or 2.2% higher than in the same period in 2008.

The Company’s main revenue driver during the reporting period was the expansion of broadband Internet services. Growth came from a rise in the number of Internet users and Internet traffic, as well as local voice revenue.

Revenue breakdown (RUR, mln)

Revenue item

For 9 months,

ended September 30

Change

2009

2008

RUR, mln

%

Localvoicetelephony

8,759

8,530

229

2.7

Mobile radio telephony (cellular)

7,340

7,420

(80)

(1.1)

Telegraphic service, datacom networks and telematic services (Internet)

4,304

3,380

924

27.3

incl. datacom and telematic services (Internet)

4,126

3,206

920

28.7

Intrazonaltelephony

3,700

4,009

(309)

(7.7)

Interconnectandtraffictransit

2,720

3,055

(335)

(11.0)

Outsourcing and agency fees

378

450

(72)

(16.0)

Mobile telephony, wire and television broadcasting

327

317

10

3.2

Other (core activities)

5

7

(2)

(28.6)

Other sales

1,005

749

256

34.2

incl. revenue from leasing assets

572

382

190

49.7

Total

28,538

27,917

Recent news

14.12.2009 Sibirtelecom releases 9M09 financial results (IFRS)

14.12.2009
Sibirtelecom releases 9M09 financial results (IFRS)