OREANDA-NEWS. September 18, 2009. Uralsvyazinform (RTS and MICEX: URSI/URSIP, ADR: UVYZY/UVYPY) – the leading carrier of fixed-line and mobile services in the Urals region presented interim non-audited consolidated financial statements for the 1st half of 2009 in compliance with International Accounting Standards (IAS), reported the press-centre of Uralsvyazinform.  

As of 1H09, revenue increased by 0.4% compared to 1H08 and amounted to RUR 20.1 billion. Data transmission and telematic services (Internet) were the main revenue drivers, along with local telephone services.

Revenue from telegraph, data transmission and telematic services (Internet) amounted to RUR 3.2 billion (+33.9% on 1H08). These services added 15.9% to the whole revenue mix.

Local telephone services amounted to RUR 5.2 billion (+2.1% on 1H08), with their portion in total revenue being 26.0%.

Operating expenses decreased by 1.1% as compared to 1H08 and amounted to RUR 16.9 billion, mainly due to optimized personnel expense (down 13.5%) as a result of improvements made in organizational structure and staff reduction.

Operating profit totaled RUR 4.0 billion (+6.0% on 1H08). EBITDA[1] increased by 8.2%. EBITDA margin increased to 39.3% from 36.5% as of 1H08. As of 1H09 net profit amounted to RUR 1.7 billion, a 2.0% decrease on 1H08.