03.08.2007, 12:48
CenterTelecom Reports EBITDA Growth to RUR 5,754.77 mln for 1H RAS
OREANDA-NEWS. August 3, 2007. OJSC "CenterTelecom" announced its financial results in accordance with Russian Accounting Standards (RAS) for the first half of 2007.
Characteristics of operational efficiency
• The number of telecommunication lines per employee rose by 19.81% to 127 lines (106 in 1H 2006).
• Revenue per line rose by 15.69% from RUR 2,028.25 in 1H 2006 to RUR 2,346.41 in 1H 2007.
• Revenue per employee reached RUR 298.8 thousands in 1H 2007, 38.65 % more than in 1H 2006 (RUR 215.5 thousands).
• Personnel numbers were reduced by 14.45% and reached 52,730 employees (61,633 in 1H2006).
• Profitability calculated from net profit reached 11.26% (8.12% in 1H 2006).
The number of ADSL users under the DOMOLINK brand rose by 62.57% in 1H 2007 and reached 187,036 users (compared with 115,052 as of December 31, 2006). The income share from Internet access services rose to 7.05% (5.22% - in 1H 2006).
Number of fixed line communication services’ subscribers increased by 1.73% to 6,579,317 for 1H 2007 (6,467,485 – as of July 1, 2007).
In 1H 2007 implementation of the "calling party pays" rule provided growth of income from inter-zone communications by 111.71% to RUR 2,768.67 million. (RUR 1,307.76 million in 1H 2006).
Growth of expenditures connected with other telecommunication operators services in 1H 2007 by 230.94% in comparison with 1H 2006 is attributable to implementation of the "calling party pays" rule since July 1, 2006.
Other expenditure growth at CenterTelecom in 1H 2007 is related to increased spending on private pensions, payments to the pay telephone services reserve and a rise in costs for agent services.
Vaagn Martirosyan, CEO, CenterTelecom, commenting on the 1H 2007 financial results of the company, said that CenterTelecom is maintaining its dynamic rate of development. He added: “In general, the index of business development in 1H 2007 differs insignificantly from the index for 1Q 2007. It demonstrates that the company management’s choices of priority business directions, including growth of new services’ share in the structure of profit and optimization of the company’s management system have been correct. In the near future, we plan to expand CenterTelecom’s marketing policy and to reorganize the company’s sales, maintenance and customer support system. This will allow us to become a company focused on satisfaction of subscribers’ existing and potential requirements. This will have a positive impact on the improvement of CenterTelecom’s financial and economic performance. “ For more detailed information look on http://www.centertelecom.ru/eng/about/about/news/200708021606-7969.htm
Characteristics of operational efficiency
• The number of telecommunication lines per employee rose by 19.81% to 127 lines (106 in 1H 2006).
• Revenue per line rose by 15.69% from RUR 2,028.25 in 1H 2006 to RUR 2,346.41 in 1H 2007.
• Revenue per employee reached RUR 298.8 thousands in 1H 2007, 38.65 % more than in 1H 2006 (RUR 215.5 thousands).
• Personnel numbers were reduced by 14.45% and reached 52,730 employees (61,633 in 1H2006).
• Profitability calculated from net profit reached 11.26% (8.12% in 1H 2006).
The number of ADSL users under the DOMOLINK brand rose by 62.57% in 1H 2007 and reached 187,036 users (compared with 115,052 as of December 31, 2006). The income share from Internet access services rose to 7.05% (5.22% - in 1H 2006).
Number of fixed line communication services’ subscribers increased by 1.73% to 6,579,317 for 1H 2007 (6,467,485 – as of July 1, 2007).
In 1H 2007 implementation of the "calling party pays" rule provided growth of income from inter-zone communications by 111.71% to RUR 2,768.67 million. (RUR 1,307.76 million in 1H 2006).
Growth of expenditures connected with other telecommunication operators services in 1H 2007 by 230.94% in comparison with 1H 2006 is attributable to implementation of the "calling party pays" rule since July 1, 2006.
Other expenditure growth at CenterTelecom in 1H 2007 is related to increased spending on private pensions, payments to the pay telephone services reserve and a rise in costs for agent services.
Vaagn Martirosyan, CEO, CenterTelecom, commenting on the 1H 2007 financial results of the company, said that CenterTelecom is maintaining its dynamic rate of development. He added: “In general, the index of business development in 1H 2007 differs insignificantly from the index for 1Q 2007. It demonstrates that the company management’s choices of priority business directions, including growth of new services’ share in the structure of profit and optimization of the company’s management system have been correct. In the near future, we plan to expand CenterTelecom’s marketing policy and to reorganize the company’s sales, maintenance and customer support system. This will allow us to become a company focused on satisfaction of subscribers’ existing and potential requirements. This will have a positive impact on the improvement of CenterTelecom’s financial and economic performance. “ For more detailed information look on http://www.centertelecom.ru/eng/about/about/news/200708021606-7969.htm
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