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Uralsvyazinform

August 12, 2004

1H 2004 financial statements under RAS: 41% revenue growth, 33%EBITDA rise

Perm - August 12, 2004 - Uralsvyazinform (RTS and MICEX: URSI/URSIP) the leading carrier of fixed-line and mobile services in Urals region reports the 1H 2004 financial and operational results under Russian Accounting (RAS).

  • Revenue growth totaled 41% as compared to 1H 2003 mainly due to DLD and ILD traffic hike, local tariffs increase (monthly fee) and GSM subscriber base growth
  • EBITDA grew by 33% versus 1H 2003 driving EBITDA margin to 34.5%
  • Net profit increased by 3%. Net margin totals 8.4%
  • Revenues from local services grew by 39%
  • Mobile service revenues expanded by 32%
  • Long-distance segment saw 41% rise in revenues
  • Total subscriber base reached 4.8 mln, including 1.5 mln GSM subscribers

Operational and financial highlights:

* including subsidiary business
** according to ACM Consulting, all mobile operators working on the territory of Urals Federal district and Perm region

Sergey Kuzyaev, CFO commented the results of six months: "1H 2004 results demonstrate high pace of business growth in all core segments - fixed-line and mobile services as well as new services including Internet services. The results outperformed our forecasts which makes us believe that the company 2004 budget will be successfully implemented".

To proceed with finacial and operational overview please download Press release (PDF).

Complete accounting statements of Uralsvyazinform as of 1H 2004 may be found on the corporate web-site at Financials section.

For additional information, please contact IR department on tel. (007 3422) 136-598 or e-mail: investor@usi.ru.

 

 

 

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