OREANDA-NEWS. On June 15, 2009 Uralsvyazinform (RTS: URSI/URSIP) the leading carrier of fixed-line and mobile services in the Urals region, Russia presented the audited consolidated financial statements for the year ended December 31, 2008 prepared under International Financial Reporting Standards (IFRS). The financial statements were audited by KPMG (ZAO), reported the press-centre of Uralsvyazinform.

Revenue increased by 3.9% as compared to 2007 and amounted to RUB 40.7 bln. For most, revenues were driven by mobile services and data/Internet services.

Revenue from mobile services totaled RUB 13.2 bln. (+5.5% on 2007), being 32.2% of overall revenues.

Revenues from telegraph services, data transmission and Internet amounted to RUB 5.2 bln (+49.6%), climbing 12.9% of overall revenues.

Operating expenses increased by 6.2% and totaled RUB 35.9 bln, mainly due to the growth in interconnection charges (+11.4%), and depreciation and amortization (+17.8%). Wages and salaries expense decreased by 0.7% as a result of staff reduction and structural developments.

Operating profit amounted to RUB 6.5 bln (+3.6% on 2007). EBITDA increased by 6.4%. EBITDA margin increased from 33.1% to 33.9%. Net profit totaled RUB 2.5 bln (+10.4%).