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North-West Telecom

July 29, 2005

North-West Telecom has summed up the results of operating activities for the 1st half of 2005

JSC North-West Telecom has summed up the results of its activities for the 1st 6 months of 2005 according to the Russian accounting standards.   According to the results of the financial and economic activities, the revenue from sales amounted to RUR 9,831,016,000, including RUR 9,553,688,000 from communication services .   As compared to the same period of the last year, the revenue from sales increased by 17.8%, including the increase of 17.9 % from communication services .   

The growth of income was mainly ensured through the increase of the rates for local communication and the growth of the income from non-regulated services ( Internet and other new communication services ). In the 1st half of 2005 the income from non-regulated communication services increased by 36.3% as compared to the same period of the previous year.  

The prime cost of the sold services amounted to RUR 7,477,130 thousand, including RUR 7,361,016 thousand for communication services.

The EBITDA for the 1st half of 2005 has amounted to RUR 2,934,714 thousand, which is 30% higher than in 2004. The EBITDA margin is 30%.

The net profit of OJSC North-West Telecom amounted to RUR 1,156,446 thousand, which is 24.3% more than for the same period of the previous year.

The proceeds growth rate of OJSC NWT without taking into account the financial indices of the branches Lensvyaz and Svyaz of the Republic of Komi for the 1st 6 months of 2005 as compared to the 1st 6 months of 2004 amounted to 145.7%.

The Accounting Balance Sheet and the Profit and Loss Report of OJSC North-West Telecom for the 1st half of 2005 have been published on the corporate site of OJSC NWT in the " Economic s and Finance" section.

 

 

 

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