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North-West Telecom

October 28, 2005

North-West Telecom has summarized its performance for 9 months of 2005 according to the Russian Accounting Standards

North-West Telecom has summarized its performance for 9 months of 2005 according to the Russian Accounting Standards (RAS). Based on the results of its financial and operating activity, the sales proceeds amounted to RUR 14 792 199 thousand, including RUR 14 337 443 thousand from communications services. As compared with the same period of the past year, the total sales proceeds rise by 16.4% and those from communications services by 16.6 %.

The income growth was mostly due to the rise in local communications tariffs and greater incomes from non-regulated services (Internet and other new communications services). The incomes from non-regulated communications services for 9 months of 2005 grew by 13.4% as against the same period of the past year.

The prime cost of the sold services was equal to RUR 11 268 967 thousand, including RUR 11 070 420 thousand from communications services.

The EBITDA for 9 months of 2005 amounted to RUR 4 300 235 thousand, 41.4% up as against the same period of 2004. The EBITDA margin was 29.1%.

As against the same period of the past year, the net profit of JSC North-West Telecom rise by 41.8 % to RUR 1 614 623 thousand.

The proceeds of OJSC NWT, not inclusive of the financial performance of the branches Lensvyaz and Svyaz of the Republic of Komi, for 9 months of 2005 grew by 44% as against 9 months of 2004.

The Balance Sheet and the Profits and Losses Report of OJSC North-West Telecom for 9 months of 2005 are available in the section “Economics and Finance” of the OJSC NWT corporate web-site.

 

 

 

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