25 May 2004 12:19
DALSVYAZ NET PROFIT DOWN 66% IN Q1
"The decrease in profits was linked to increased amortization
deductions and changes to the system of mutual settlements with
VLADIVOSTOK. May 25 (Interfax) - Communications operator Dalsvyaz saw net profits drop 66% year-on-year to 37.905
million rubles in the first quarter (104.755 million rubles in January-March 2003), company PR chief Natalya Dudko told
Interfax.
Rostelecom. As an example, payments to Rostelecom in the first quarter of 2003 came to 14.3%, overall payment volume
for the same period in 2004 was 17%," Dudko said.
in January-March this year, the company's sales revenues rose 37% to 2.03 billion rubles, while pretax profits
dropped 32.2% to 97.738 million rubles.
Earnings before interest, taxes, depreciation and amortization (EBITDA) rose 30.5% to 295.8 million rubles, operating
profits rose 8% to 273 million rubles. Revenues from service sales increased 37.1% to 1.998 billion rubles. Capital
investments in the first quarter were 151.1 million rubles.
Dalsvyaz introduced automated telephonic station number volume of 11,700 numbers. The level of the company
network's digitalization increased 0.8 percentage points to end the first quarter at over 49%, including on city
telephone networks - 54.9%.
Dalsvyaz provides communications services in the Primorye and Khabarovsk territories, the Amur, Kamchatka, Magadan
and Sakhalin regions and the Jewish Autonomous District.
Dalsvyaz's main shareholder is Svyazinvest, which owns 38.13% of charter capital. Depository Clearing Company is
the nominal holder of 19.19% of the company stock, Brunswick UBS Nominees the nominal holder of 11.76% and ING Bank
(Eurasia) the nominal holder of 5.02%.
[Interfax] |
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