OREANDA-NEWS. On 24 April 2009 Giprosvyaz presented its 2008 audited financial results in accordance with Russian Accounting Standards (RAS).

The Company’s headline financial indicators based on audited 2008 reporting data * are as follows:

- Revenue from regular types of activities – Rub 1.3 bln (+ 69.7%);

- EBIT Rub 312 mln (+114.27%);

- Pre-tax profit – Rub 234.84 mln (+112.91%);

- Net profit – Rub 159.90 mln (+108.86%);

- OIBDA** – Rub 336 mln;

- OIBDA margin – 25.0%;

- EBITDA *** – Rub 252.2 mln, (+5.7%);

- EBITDA margin – 19.1%.

As noted by the general director of Giprosvyaz Anton Evgenev, the company’s strong performance was due, first and foremost, to a clear understanding of the strategic objectives pursued by the company. The company has three main targets: to further improve the quality of design, to raise its share of the industry market for design services and boost the company’s financial performance. These goals can only be achieved if all operating processes are restructured and optimized in view of customer demands.