OREANDA-NEWS. September 21, 2010. Uralsvyazinform (RTS and the Moscow Interbank Stock Exchange: URSI/URSIP, АДР: UVYZY/UVYZYP) - the leading carrier of fixed-line and mobile services in the Urals region presents interim non-audited consolidated financial statements for the 1st half of 2010 in compliance with International Accounting Standards (IAS).

Company revenue increased by 6,0 % to RUR21,3 bln as for 1 half-year 2009 RUR21,3 bln;

EBITDA1 amounted to RUR9 732 mln., increased by 23,2 % to level of 1 half of last year.

EBITDA margin2 amounted to 45,7% (6 months of 2009 — 39,3 %).

the operating profit increased by 39,5 % and amounted to RUR5 561 mln.

the profit for the period increased by 127,1 %, amounted to RUR3 765 mln. Net margin  increased to 17,7 % (+9,4 percentage points).

Financial highlights

 

6 months 2010

6 months 2009

Change

Revenues, RUR mln

21 308

20 102

+6,0%

EBITDA, RUR mln

9732

7899

+23,2%

EBITDA margin, %

45,7%

39,3%

+6,4 p.p.

Operating profit, RUR mln

5561

3986

+39,5%

Operating margin, %

26,1%

19,8%

+6,3 p.p.

Profit for the period, RUR mln

3765

1658

+127,1%

Net margin, %

17,7%

8,2%

+9,4 p.p.

Net debt, RUR mln3

13 782

21 104

–34,7%

1 EBITDA is calculated as a sum of pre-tax profit, interest payable, depreciation & amortization, leasing payments less interest receivable.

2 EBITDA margin, Operating margin, Net margin represent EBITDA, Operating profit, and Net profit (Profit for the period) expressed as a percentage of revenue.

3 Net debt is calculated as difference between percentage debt and cash and cash equivalents.