OREANDA-NEWS. OJSC VolgaTelecom  presented results of its operations for 9 months of 2007 in accordance with Russian Accounting Standards. OJSC VolgaTelecom's proceeds for 9 months of 2007 amounted to RUR 18 503,9 million (growth rate vs. relevant period of 2006 - 117,4 %), communications services revenues have grown to RUR 17 558,5 million (118,2 %), the company's press service reported. 

The fastest growth rates of revenues are in high-tech services segment (data transfer and Internet access services) - 155,6%, the gain of RUR 781,2 million. The revenues have grown mainly due to 3,6 increase in Internet ADSL users (from 74 000 to 265 000 subscribers), and the growth of traffic transferred via the Internet. The share of high-tech services revenues in the proceeds has grown from 8,9% to 11,8% vs. relevant period of 2006. The other trend which has demonstrated high growth rates of revenues is intrazonal communications  - 147,9%, the gain of RUR 1 144,9 million. The revenues have grown due to the introduction of CPP principle for the calls from fixed line phones to mobile phones, and also due to the increase in traffic. 

Expenses for 9 months of 2007 amounted to RUR 14 027,3 million, the growth rate - 120,4%. The fastest growth rates of expenses were the following:  Interconnection charges - 328,8 %, which was caused by the change of settlements procedures with operators,  Depreciation & amortization of property, plant and equipment  growth rate of 120,4% was caused by substantial volume of investment program for telecommunications infrastructure upgrade in order to render high-tech communications services. Provision for universal services  accounted for 150,4%, which was caused by the change of the procedure of establishing the provision in accordance with the legislation. Sales profit   RUR 4 476,7 million (109,0 %,), sales profit margin   31,9 %; EBITDA - RUR 6 418,2 million (108%), EBITDA margin - 34,7 %.Income before tax   RUR 3 256,3 million, income before tax margin   23,2%; net profit   RUR 2 296,8 million, net profit margin - 16,4%. The number of lines per an employee (payroll) has grown to 136,2 (120,8 %), revenues per an employee   RUR 503 000 (139,1 %). Revenues per a line for 9 months of 2007 accounted for RUR 3692,2 (115,2 %). Prime cost of RUR 100 of proceeds  RUR 75,8.

The presented results of OJSC VolgaTelecom operations for 9 months of 2007 are in line with scheduled indicators, which allows to forecast achievement of the indicators scheduled for 2007, and in particular of the indicator of net profit with the growth of at least 10%.