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Svyazinvest

April 7, 2004

Far EastTelecom sums up its FY 2003 performance

Far East Telecomís FY 2003 sales profit totaled Rub 981,291,000, or up 105%, against Rub 931,730,000 in 2002, while its pre-tax profit stood at Rub 379,553,000, or 110.4%, against Rub 343,921,000 in 2002, and net profit reached Rub 232,041,000, or up 164%, against Rub 140,995,000 in 2002.

The telecom companyís EBITDA weighed in at Rub 761,385,000, i.e. up 122%, against Rub 623,038,000 in 2002, whereas revenue from telecom services totaled Rub 6,726,356,000, or up 129% against Rub 5,218,183 in 2002. This amount included Rub 191,087,000, or up 145% against Rub 131,450,000 in 2002 for mobile telecom services.

Revenue from value-added services totaled Rub 307,063,000, or up 141%, against Rub 217,026,000 in 2002, while 2003 capital investments reached Rub 1,904,521,000, or 249%, against Rub 766,409,900 a year ago and operating expenses were Rub 5,865,449,000, or 133%, against Rub 4,399,804,000 in 2002.

 

 

 

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