"Sales growth will let us proceed according to our plans this year both in terms of network upgrade and new capacities launch", - said MGTS General Director Mikhail Smirnov.
MGTS KPI in 1H 2004 (in RUR M):
| |
1H 2004 |
1H 2003 |
| Sales |
7 237,7 |
5 919,1 |
| Profit margin |
1 952,3 |
1 551,2 |
| Net income |
696,2 |
869,8 |
"Smaller y-o-y net income is due to greater depreciation due to fixed assets revaluation" - said MGTS Deputy General Director in Economics and Finance Victor Chervonyi.
In 1H 2004 MGTS CAPEX totaled RUR 2 234.5 M against RUR 1 002.3 M in 1H 2003. 16.5 thousand subscriber and switching lines were commissioned during the period in question.
----------------------------------------------------
PJSC Moscow City Telephone Network is one of the biggest not only in Russia, but among the local wire telecommunications companies in Europe too. The Company's continual priority task is to provide quality telephone communication accessible to the millions of the Russia's capital-city inhabitants. The MGTS personnel of 20 000 persons supply services to about 4.2 million subscribers. The telephone density in Moscow conforms to the European standards - over 50 MGTS telephones per 100 metropolitan residents. There are about 600 MGTS telephone exchanges in operation, and their number increases year by. There are presently 18 000 pay stations available at the Company's public payphone network. To date, the MGTS share amounts to 80% in the Moscow fixed telecommunications market. The dynamic development of the Company is noted for its stable economic situation, prescheduled on-going income growth rate, and for the amount of provided services on the upgrade. The Central Office of PJSC MGTS is located in Moscow at 12, bdg. 3, Petrovskiy Boulevard, Moscow, Russia. The Company's Internet address is www.mgts.ru.
For further details, please approach the Department of Information and Public Relations - PJSC MGTS.
Tel: +7 (095) 950 0623, fax: +7 (095) 950 0622,
E-mail: pressa@mgts.ru
|
