25 May 2010 13:21

Dalsvyaz 2009 net profits up 11% at 2.5 bln rubles to IFRS

MOSCOW. May 25 (Interfax) - Telecommunications company JSC Dalsvyaz turned 2.518 billion rubles in net profits to International Financial Reporting Standards (IFRS) in 2009, 11.1% more than in 2008 (2.267 billion rubles), a company statement says.

Sales revenues increased 6.8% to 17.197 billion rubles and EBITDA 6.6% to 6.105 billion rubles, but the company's EBITDA margin decreased to 35.5% from 35.6% in 2008.

Dalsvyaz's best revenue results were from sales of data-transmission and Internet-access services, which grew 26.4% to 4.835 billion rubles.

Broadband Internet-access revenues rose 37% to 3.8 billion rubles. The subscriber base for these services increased by 139,819 to 448,923 users. ARPU (average revenue per user), however, decreased to 816 rubles from 899 rubles.

Revenue from interactive digital television sales increased 72.5% to 257 million rubles, with the subscriber base here doubling to 88,381 users.

The largest revenue item remains local communications, which showed 7.3% growth to 6.385 billion rubles thanks to increased charges. Mobile communications revenue contracted 4.3% to 1.1 billion rubles.

Revenue from the sale of intra-zone communications decreased 1.5% to 2.48 billion rubles. Revenue from connecting and carrying traffic dropped 18.2% to 1.4 billion rubles. Operating expenses increased 6.3% to 11.033 billion rubles.

Dalsvyaz operates in the Primorye and Khabarovsk territories, Amur, Kamchatka, Magadan and Sakhalin regions and Jewish Autonomous District. Its main shareholder is the communications holding Svyazinvest, which holds 50.6% of voting shares (38.2% of share capital).