TTK Announces Earnings of US400m for Q2
OREANDA-NEWS. October 29, 2009. Company TTK disclosed consolidated income for the group of 11.8 billion Russian roubles US400m*) for its second quarter in 2009, representing a three percent increase on the same period for 2008 (11.5bn roubles). Of this, income from the provision of telecommunications services accounted for 9.983bn roubles, up 23 percent from Q208 (8.13bn roubles), reported the press-centre of TTK.
This change in the revenue structure is attributed to a decreased amount of construction and engineering services related to additional network rollout to meet specific customer requirements.
In the second quarter, TTK applied considerable focus to the continued development of its long distance telephony services; by the end of quarter, TTK enjoyed the custom of more than 7,000 corporate clients, which it currently provides with long distance call (LDC) services at an Average Revenue Per User (ARPU) of 9,000 roubles (US300). TTK’s LDC customer base increased by more than 15 percent each month of the quarter, with voice traffic reaching 150m minutes per month by the end of the period.
The end of the second quarter also sees TTK continuing to deliver on its strategic retail services development plan, with the company providing broadband internet access to more than 6,000 multi-apartment buildings in 43 cities across the Russian Federation, and accounting for 32,000 households. Average ARPU amongst these users is 630 roubles or US21.4.
The TTK group of companies consists of the head company in Moscow and 18 regional branches across the Russian Federation. The income of the head company in Q209 was 10.5bn roubles, 13 percent higher than in Q208, of which 9.1bn roubles was earned through the provision of telecommunications services, surpassing the Q208 result by 21 percent.
*Dollar figures may vary due to exchange fluctuations
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