Rostelecom reports consolidated IFRS financial results for the third quarter and nine months, ended September 30, 2011

Print version 08.12.2011

Moscow – December 8, 2011 – Rostelecom OJSC (the “Group”) (RTS, MICEX: RTKM, RTKMP; OTCQX: ROSYY), Russia’s national telecommunications operator, today announced its unaudited consolidated* IFRS financial results for the third quarter and nine months, ended September 30, 2011. Video version of this press-release is available on the Company’s websitehttp://www.old.rt.ru/en/centr-invest/financial/IFRS/detail.php?SECTION_ID=1091. 

THIRD QUARTER FINANCIAL HIGHLIGHTS

- Consolidated revenues up 8% year on year to RUB 73.9 billion;

- OIBDA** up 9% year on year to RUB 29.5 billion;

- OIBDA margin increased to 39.9%;

- Net income2 up 1% year on year to RUB 10.3 billion;

- Capital expenditures amounted to RUB 15.4 billion or 21% of consolidated revenues.

 

NINE MONTHS FINANCIAL HIGHLIGHTS

- Consolidated revenues up 7% year on year to RUB 217.5 billion;

- OIBDA up 5% year on year to RUB 85.5 billion with OIBDA margin of 39.3%;

- Net income up 2% year on year to RUB 29.4 billion;

- Capital expenditure*** of RUB 40.9 billion representing 19% of the consolidated revenues;

- Net debt**** of RUB 138.1 billion (net debt / annualized OIBDA of x1.3) as of  September 30, 2011.

 

NINE MONTHS OPERATING HIGHLIGHTS

- Total broadband subscriber base up 27% year on year to 7.9 million with revenues increasing by 21% to RUB 34.7 billion;

- Total Pay-TV subscriber base increased by almost seven times year on year to 5.8 million;

- Total subscriber base for local telephony services decreased by 3% year on year to 28.8 million.

Full press-release

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