OREANDA-NEWS. Rostelecom PJSC (MOEX: RTKM, RTKMP; OTCQX: ROSYY), Russia's national telecommunications operator, today announces its consolidated financial results for the fourth quarter and the full year of 2015 prepared in accordance with IFRS.

Fourth Quarter 2015 Financial Highlights

Revenue grew by 3% year-on-year to RUB 81.0 billion. OIBDA amounted to RUB 25.8 billion compared to RUB 25.0 billion in the fourth quarter of 2014. OIBDA margin of 31.9% compared to 31.6% in the corresponding period of last year.

Net profit of RUB 4.1 billion compared to a net loss of RUB 2.0 billion in the fourth quarter of 2014.

CAPEX decreased by 10% to RUB 19.3 billion (23.9% of revenue) from RUB 21.5 billion (27.3% of revenue) in the fourth quarter 2014.

Consolidated Free Cash Flow (FCF) of RUB 9.1 billion compared to RUB 11.1 billion in the corresponding period of last year.

Net debt remained flat year-on-year and amounted to RUB 173.7 billion, resulting in a Net Debt / Annualised OIBDA ratio of 1.7x.

Full Year 2015 Financial Highlights

Revenue of RUB 297.4 billion compared to RUB 298.9 billion in 2014. OIBDA amounted to RUB 100.8 billion compared to RUB 102.5 billion in 2014. OIBDA margin of 33.9% compared to 34.3% in 2014.

Net profit increased by 9% year-on-year to RUB 14.4 billion.

CAPEX increased by 17% to RUB 62.7 billion (21.1% of revenue) from RUB 53.8 billion (18.0% of revenue) in 2014; CAPEX excluding the "Bridging the Digital Divide" project amounted to RUB 59.5 billion (20% of revenue).

FCF amounted to RUB 22.0 billion compared to RUB 27.3 billion in 2014.