Net Profit of VolgaTelecom Made 2.4 Billion Roubles for Nine Months 2006
OREANDA-NEWS. According to Russian Accounting Standards OJSC “VolgaTelecom” proceeds for 9 months of 2006 amounted to 15 758,3 million rubles (growth rate vs. the relevant period of 2005 – 101,6 %). Telecommunication services revenues amounted to 14 852,2 million rubles (98,3 %).
The principal share in revenue structure belongs to local communication services revenues - 52,5 % (7 795,3 million rubles), intrazonal communication services revenues - 16,1 % (2 392,7 million rubles), traffic connection and transit revenues - 16,5 % (2 455,6 million rubles), value-added services revenues - 10,3% (1 524,5 million roubles).
The growth rate of ordinary activities expenses for 9 months of 2006 amounted to 103,2 %, and the total amount of expenses – 11 643,5 million rubles. The biggest share in the structure of expenses belongs as usual to wage costs - 37,5 % (4 361,1 million rubles). For 9 months the share of depreciation deductions has increased up to 18,3 % (2 132,1 million rubles), interconnection expenses made up 5,9 % of the total amount of expenses (682,7 million rubles), expenses for materials, heat and electric energy – 10,9% (1 263,6 million rubles).
Sales profit amounts to 4 114,8 million rubles (97,5 %), profitability of sales profit – 35,3 %; Profit before tax - 3 358,7 million rubles (150,2 %), profitability of profit before tax – 28,8 %; Net profit - 2 408,1 million rubles (168,6 %), profitability of net profit - 20,7 %;
EBITDA – 6 017,9 million rubles (127,8 %), profitability of EBITDA – 38,2 %.
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