Uralsvyazinform: 2007 Results: Net Profit up 88%
Uralsvyazinform (RTS: URSI/URSIP)(OTCBB:UVYZY)(ADR: UVYZY/
UVYZYP), the leading carrier of fixed-line and mobile services in the
Urals region, Russia reports the unconsolidated financial and
operational results for the year ended December 31, 2007 prepared
under Russian Accounting Standards (RAS).
-- Revenues increased by 22.7% on 2006 and totaled US$ 1.5 bln.
The revenue growth is mainly due to revenue gains in:
-- Mobile services (+29.1% on 2006);
-- New services (up 58.4%);
-- Intrazone calls (up 37.9%).
-- EBITDA(1) increased by 41.8% on 2006. EBITDA margin totaled
33.7%. Operating margin - 22.1%.
-- Net profit increased by 87.5% and reached US$ 144.2 mln. Net
margin totaled 9.4%.
-- Subscriber base totaled 8.8 mln., including 5.1 mln. GSM
mobile subscribers.
Financial and operational highlights:
-0-
*T
2007
2006 Change, %
------------------------------------- ---------- ---------- ---------
financial
---------------------------------------------------------------------
Revenues, US$ mln.
1,532.4
1,249.1
+22.7%
------------------------------------- ---------- ---------- ---------
Costs, US$ mln.
1,193.9
967.4
+23.4%
------------------------------------- ---------- ---------- ---------
EBITDA, US$ mln.
517.0
364.6
+41.8%
------------------------------------- ---------- ---------- ---------
EBITDA margin
33.7%
29.2%
-
------------------------------------- ---------- ---------- ---------
Operating profit, US$ mln.
338.5
281.7
+20.2%
------------------------------------- ---------- ---------- ---------
Operating margin
22.1%
22.6%
-
------------------------------------- ---------- ---------- ---------
Pre-tax profit, US$ mln.
217.1
124.4
+74.5%
------------------------------------- ---------- ---------- ---------
Net profit, US$ mln.
144.2
76.9
+87.5%
------------------------------------- ---------- ---------- ---------
Net margin
9.4%
6.2%
-
------------------------------------- ---------- ---------- ---------
operational
31/12/2007 31/12/2006 Change, %
------------------------------------- ---------- ---------- ---------
Subscriber base:
Fixed-line subscribers, mln.
3.7
3.7
+0.7%
Mobile (GSM) subscribers, mln.
5.1
4.4
+15.9%
Broadband subscribers, thous.
295.0
115.0
+156.5%
------------------------------------- ---------- ---------- ---------
Digitalization of local fixed-line
networks, %
74.6%
73.6%
+1.0%
------------------------------------- ---------- ---------- ---------
Penetration:
28%
Fixed lines, %
greater
28%
Mobile, %
than100%
89%
------------------------------------- ---------- ---------- ---------
Number of employees
26,401
30,952
-14.7%
------------------------------------- ---------- ---------- ---------
*T
Here and henceforth currency conversions are based on average
exchange rates:
2007 - RUR 25.6, 2006 - RUR 27.1
(1) For information:
EBITDA is calculated as a sum of pre-tax profit, interest payable
depreciation of fixed assets, leasing payments less interest
receivable.
Complete accounting statements of Uralsvyazinform as of 2007 under
Russian Accounting Standards may be found in the Investors section at
www.usi.ru/en/.
For additional information, please contact IR department on tel.
(007 343) 379-12-19, 379 1859 or e-mail: investor@gd.usi.ru.
The most recent company information is also available at
www.usi.ru/en/, www.skrin.ru (complex disclosure information system)
or URSI_RU page in Bloomberg system and URSI.RTS page in Reuters
system.