Uralsvyazinform doubles H1 earnings to 4 bln rubles
YEKATERINBURG. Aug 2 (Interfax) - Uralsvyazinform , the incumbent fixed line provider in the Urals region, doubled net profit to Russian Accounting Standards (RAS) to 3.977 billion rubles in H1 2010.
Sales revenue grew 6.1% year-on-year to 21.329 billion rubles, the telco said in a statement.
Uralsvyazinform financial highlights (mln rubles):
|H1 2010||H1 2009|
|Sales revenue||21 329||20 103,4|
|Communications revenue||20 776,4||19 532,6|
|Expenses||15 440||16 004,6|
|EBITDA||9 490,2||7 669,2|
|Operating profit||5 889||4 098,7|
|Pretax profit||5 133,8||2 523,9|
|Net profit||3 977,2||1 920,8|
Stringent cost-cutting enabled the company to reduce expenses 3.5%, the company said.
It said data transmission and Internet, mobile services and local telephony all helped to boost revenue. Data transmission and Internet revenue rose 12.6% to 3.525 billion rubles, with the number of broadband users increasing 32.2% to 811,100 and traffic rising 89% to 79.2 petabytes.
Cellular communications revenue grew 11.4% to 6.948 billion rubles and average monthly revenue per user (ARPU) grew 13.3% to 204 rubles thanks to efforts to optimize tariff policy in this segment.
Local telephony revenue grew 7% to 5.611 billion rubles.
Unregulated services (data transmission and Internet, cellular) accounted for 50.4% of overall revenue in H1 2010, up from 47.9% in H1 2009.
Loans outstanding fell 36.7% during H1 to 13.039 billion rubles, including long-term - 33% to 8.89 billion rubles and short-term debt - 43.5% to 4.147 billion rubles.
Uralsvyazinform operates in the Kurgan, Sverdlovsk, Tyumen and Chelyabinsk regions, Perm territory and Khanty-Mansiisk and Yamal-Nenets autonomous districts. As of June 30, 2010, it had 3.7 million fixed-line and 5.5 million mobile phone subscribers, 811,000 broadband and 122,000 paid TV subscribers.