Rostelecom Reports Revenue Growth of 47.0%
OREANDA-NEWS. Rostelecom (NYSE: ROS; RTS, MICEX: RTKM, RTKMP), Russia’s national long-distance telecommunications operator, today announced unaudited results for the first nine months of 2006 in accordance with Russian accounting legislation (RAS).
In total, Rostelecom’s revenues for the first nine months of 2006 amounted to RUR 43,757.1million - a year-on-year increase of 47.0%. Domestic long-distance (DLD) traffic for the first nine months of 2006 amounted to 7,353.8million minutes – a 4.5% increase year on year. Outgoing international long-distance (ILD) traffic rose 10.4% to 1,425.7 million minutes. First nine months 2006 incoming ILD traffic totaled 1,780.5 million minutes - a year-on-year increase of 32.9%.
As a result of higher operating costs, EBITDA for the first nine months of 2006 totaled RUR 9,069.4 million down 21.9% year on year, representing an EBITDA margin of 20.7%.
Rostelecom’s net profit for the first nine months of 2006 totaled RUR 5,004.6 million compared to RUR 7,843.8 million a year ago.
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