OAO North-West Telecom predicts decline in net profit on the basis of 2009 to 39.5% in accordance with IFRS (1 550 million rubles. To 2 561 million rubles. On the basis of 2008). This was during a conference call, said Venus Khusnutdinova, Deputy Director General - Director for Economics and Finance of OJSC North-West Telecom.

Today, our forecast for net profit is modest, but we assumed that the average exchange rate for the ruble in 2009 will be the order of 35-37 rubles. The fact we see that the rate is much lower. Therefore, our forecast for 2009 is quite pessimistic. We see that, while maintaining the operational efficiency of companies in the core meaning of the result of net profit to a large extent will depend on what will happen in the foreign exchange market, including what steps the company will undertake to ensure that hedge their currency risks, - said Mrs. Khusnutdinova.

The company expects in 2009 to receive proceeds of $ 26 458 million rubles. that at 5.1% over the figure in 2008. EBITDA is expected to be 10 923 million rubles. That at the 13.6% increase over 2008. EBITDA margin is projected at 41.3% (by 3.1 percentage point increase from 2008.). Expenditures in 2009, the company can grow by 12.2% - up to 25 996 million rubles.

In the first quarter of 2009 amounted to a net loss of 143 million rubles. NWT's revenues in the 1 st quarter amounted to EUR 6 532 million. Costs - 6 007 mln. EBITDA is on the basis of the 1 st quarter of 2009 amounted to EUR 1 989 million., EBITDA margin - 30,3%.
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