print version 

Find company
Home About the ProjectContact usFor the Clients
Enter code or ISIN
 
alpha / industry search

Issuers' Corner
Press Releases
Annual Reports Library

Financial Statements
SEC & FFMS Filings
Corporate Presentations
GM Materials
Issues Documents
Corporate Governance Materials
Russian Company Guide
Company Profiles
Corporate Calendar
Markets Corner
Consensus Estimates
Media Corner
News Line


Get updates



Home  Issuers' Corner  Press Releases REGISTER LOG IN

Press Releases

company search
all press releases
all Svyazinvest press releases

Svyazinvest

May 7, 2004

SiberiaTelecom sums up 1Q 2004 results

Siberia Telecom’s 1Q 2004 results are as follows:

 

- Revenue from sale of goods (work and services) totaled Rub 4,403 mln, i.e. 128.9% against the same period last year (Rub 3,415 mln);

 

- Sales profit reached Rub 875 mln, or 98.1% against the year-earlier period (Rub 892 mln);

 

- Pre-tax profit stood at Rub 498 mln, or 82.4% against the year-earlier period (Rub 604 mln);

 

- Net profit amounted to Rub 339 mln, or 77.6% against the year-earlier period (Rub 437 mln).

 

The company’s cost structure is as follows:

 

- Payroll – 32.9%;

- Social deductions – 11.3%;

- Depreciation of fixed assets –13.2%;

- Tangible costs, electric power – 7.1%;

- Payables to Rostelecom – 16.1%;

- Otherexpenses – 19.3%.

 

A 139.8% rise in the company’s 1Q 2004 expenditure exceeded the increase in profit (128.9%), which is in line with the company’s approved budget and driven by the following factors:

- introduction of a new LD settlement system with Rostelecom, effective August 2003;

- accelerated depreciation methods applied to equipment purchased under leasing contracts.

This fact and also a jump in expenditure due to payables due (110% compared with the same period last year) took a toll on the company’s 1Q 2004 profit margins against the year-earlier period).

The telecom operator plans to achieve a 124% growth in revenue/expenditure in 2004.

Siberia Telecom’s LD traffic totaled 455,443,000 minutes in 1Q 2004, or 114.1% against the same period last year (399,228,000 minutes).

The telecom operator’s ILD traffic equaled 22,797,000 minutes in 1Q 2004, or 110.9% against the same period last year (20,565,000 minutes).

 

 

 

Search by industry

Agriculture, Foresty and Fishing | Chemicals | Engineering | Ferrous Metals | Financial, Insurance & Real Estate | Food & Kindred Products | General Construction | Information Technology | Media & Publishing | Non-Ferrous Metals | Oil & Gas | Pharmaceuticals | Power Industry | Precious Metals and Diamonds | Telecommunications | Transportation | Wholesale & Retail Trade

Search by alpha index

A B C D F G H I K L M N O P R S T U V W X Z


Site Map
© RUSTOCKS.com
Privacy Statement | Disclaimer