OREANDA-NEWS. On April 19, 2007 OJSC CenterTelecom has issued the following summary of its audited results of financial and economic activities for 2006 compiled in accordance with Russian Accounting Standards, reported the press-centre of OJSC CenterTelecom.

Characteristics of operational efficiency
The number of telecommunication lines per employee grew by 11% and reached 111 lines (100 lines in 2005)
Prime cost per 1 rouble of revenue decreased by 4,84% and reached RUR0,747 (RUR0,787 in 2005);
Number of personnel reduced by 13,63% and reached 56,317 employees (65,208 in 2005);
Profitability calculated on basis of sales profit reached 25,3% (21,5% in 2005);
Profitability calculated on basis of net profit reached 7,21% (2,37% in 2005).


The number of ADSL users under the DOMOLINK brand rose by 592% in 2006 and reached 115,052 users. The share of income from Internet access services rose to 5,47% (3,92% in 2005). Number of fixed line communication services’ subscribers increased by 2% to 6,613,009 subscribers (6,483,569 subscribers in 2005). Implementation of “calling party pays” rule from 1 July to 31 December 2006 provided growth of income from inter-zonal communications by 62,64% and reached RUR3,867 billion (RUR2,378 billion in 2005).
Commenting on the 2006 results, Sergey Pridantsev, CEO, CenterTelecom, said, "CenterTelecom today is a successful and profitable company. During the year we fulfilled the decisions of the Board of Directors and concentrated our efforts on key activities – development and realization of the financial strategy, optimization of the corporate governance system and active promotion of DOMOLINK project, participation in the priority national projects and liquidation of digital inequality in the Central Federal District. Today we can say that altogether, the increased number of ADSL users to 115,000 during the year, more than 13% decrease in personnel, decreased external debt by more than RUR3 billion, together with a significant debt restructuring and an overall decrease - all this justifies a positive financial result. I believe that the new managing team which joined the company in the first half of 2006 has fulfilled all tasks set by the company’s shareholders".