According to financial and economic activity for the 1 half of 2009 on the RAS, revenue from sales of JSC North-West Telecom was 12 790 million rubles, including telecommunications services - 11 815 million rubles. Compared with the same period last year, sales increased by 6%, including revenues from services - by 5,3%, the report says the company.
The main drivers of income growth were revenues from Internet services and data transmission services and revenues from vnutrizonovoy ties that over the same period last year grew by 21.2% and 10%, respectively. In absolute terms, revenues from Internet and data transmission in the 1 half of 2009 amounted to 2 403 million rubles from vnutrizonovoy - 1 274 million rubles.
Cost OJSC NWT in 1 half of 2009 amounted to 11 013 million rubles, an increase of 20.1% compared to 1 half of 2008.
rapid increase in cost due to the significant increase in depreciation charges, which reached 2 653 million rubles (growth in the same period last year amounted to 35%), due to sales in 2008, investment program, rising costs for services from third parties (maintenance) related mainly to the provision of universal services, and rising operating costs (energy and materials).
EBITDA is in the 1 half of 2009 amounted to 5 253 million rubles, net profit of JSC North-West Telecom - 1 606 mln. that 49% less than 1 semester of last year.
decline in EBITDA and net profit compared to the same period last year due to macroeconomic factors - significant losses on exchange rate differences (in 1 half of 2009, losses amounted to 439 million rubles. against profit EUR 92 million. in 1 half of 2008) as well as the reflection in the accounts for the 1 half of 2008 as other income in the fiscal impact of increasing the contribution to the charter capital of JSC PKK Svyazist in the amount of 634 million rubles.
This business efficiency OAO North-West Telecom remains high: for example, the EBITDA margin, on the basis of 1 semester of 2009 amounted to 41.1%, noted the report.
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