OREANDA-NEWS. On 14 August 2009 Uralsvyazinform (RTS: URSI/URSIP, ADR: UVYZY/ UVYZYP), the leading carrier of fixed-line and mobile services in the Urals region, Russia reported the unconsolidated financial and operational results for the 6 months of 2009 prepared under Russian Accounting Standards (RAS).

Revenues increased by 0.7% on 1H 2007 and totaled RUR 20.1 billion driven by revenue gains in:

Local telephone services (+2.8%);

Internet and unregulated data transmission services (+33.2%).

EBITDA[1] increased by 12.2% on 1H 2008. EBITDA margin[2] amounted to 38.1%. Operating margin – 20.4%.

Net profit increased by 17.7% and amounted to RUR 1.9 billion. Net margin amounted to 9.6%.

Financial and operational highlights:

Financial

1H 2009

1H 2008

Change, %

Revenues, RUR mln

20,103.4

19,958.4

+0.7%

Costs, RUR mln

16,004.6

16,017.9

-0.1%

EBITDA, RUR mln

7,666.1

6,833.2

+12.2%

EBITDA margin

38.1%

34.2%

-

Operating profit, RUR mln

4,098.7

3,940.5

+4.0%

Operating margin

20.4%

19.7%

-

Profit before income tax, RUR mln

2,523.9

2,347.5

+7.5%

Net profit, RUR mln

1,920.8

1,631.7

+17.7%

Net margin

9.6%

8.2%

-

Operational

30/06/2009

30/06/2008

Change, %

Fixed-line subscribers, million

3.7

3.7

+0.5%

Mobile subscribers, million

5.7

5.4

+5.6%

Broadband subscribers, thousand

633.3

392.2

+61.4%

Digitalization of local fixed-line networks, %

77.2

74.9

 

Number of employees

22,051

24,073

-8.4%

[1] EBITDA is calculated as a sum of pre-tax profit, interest payable, depreciation & amortization, leasing payments less interest receivable.
[2] EBITDA margin, Operating margin, Net margin represent EBITDA, Operating profit, and net profit expressed as a percentage of revenue