OREANDA-NEWS. July 08, 2010. Uralsvyazinform (RTS: and MICEX: URSI/URSIP, АDR: UVYZY/UVYZYP) – a universal telecommunications operator in the Urals Federal District and Perm territory – hereby presents its unaudited consolidated interim financial statement for the period of three months ended March 31, 2010 (hereinafter – the first quarter of 2010), drafted in accordance with international financial reporting standards (IFRS).

Since the Company’s IFRS financial statement was prepared for the first time, no comparative data for the same period last year are available.

Headline indicators:

Revenue amounted to RUR 10.6 bln in the first quarter of 2010, while more than half of revenue was derived from unregulated telecommunications services;

Cellular telephony – RUR 3.8 bln (35.9% of revenue);

Telegraph, datacom and telematic services (Internet) – RUR 1.8 bln (16.7% of revenue;

Thanks to strict cost control the Company managed to raise its financial efficiency compared to its results in 2009;

EBITDA margin increased to 47.3% (up from 39.9% in 2009);

Operating margin reached 26.9% (vs. 19.8% in 2009);

Net profit margin increased to 18.4% (vs. 9.0% in 2009).

Net debt decreased by 20.6% to RUR 16.8 bln during the reporting quarter.

Headline financial indicators

 

Q1 2010

2009

(comparision)

Revenue, RUR mln  

10,616

40,412

EBITDA, RUR mln

5,024

16,131

EBITDA margin

47.3%

39.9%

Operating profit, RUR mln

2,853

7,993

Operating margin

26.9%

19.8%

Profit during the reporting period, RUR mln

1,953

3,654

Net margin

18.4%

9.0%

Net debt, RUR mln

16,760

21,104

EBITDA is calculated as pre-tax profit not including amortization and interest expenses (net).

Margin indicators are calculated as the ratio of the respective indicator to revenue

Net debt is calculated as the sum of long-term and current borrowing liabilities minus cash & cash equivalents.