Goncharuk solves how to spend
earned in the first half of the year
Consolidated gain AFK “ System “ in the first half of the year of this year has reached almost 6 mlrd dollars, and the net profit has made 877 million dollars Most of all corporation money on - former brings it “ a daughter “ MTS, and afflict “ Sitroniks “ and “ System - the Tack “. A fair part of the earned money “ System “ intend to enclose in the Indian market of cellular communication in which it is planned will not invest 1 mlrd dollars it is deprived by attention and Europe, where “ System “ intend to participate in competitions on reception of cellular licences.
yesterday “ System “ has reported for the first half of the year of this year. Consolidated gain AFK has grown on 36,1 %, to 5,9 mlrd dollars, OIBDA has increased by 34,6 %, to 2,2 mlrd, and the net profit has practically trebled, having reached 877,1 million dollars
The Greatest incomes AFK were brought by telecommunication daughters - MTS and “ Comstar - OTS “. On them 74,2 % of consolidated gain AFK were necessary. These are slightly less than 76 %, which these “ daughters “ distances “ to System “ in the first half of the year of last year, but their net profit has grown on 83,3 %. On MTS on - former the overwhelming part of a gain from telecommunications is necessary, its growth has made 85,4 % of growth of all telecommunication business “ Systems “. Underlining the importance of telecommunications, the president “ Systems “ Alexander Goncharuk has declared that “ MTS exchange on any actives is absolutely excluded “.
it is far not so well there are affairs at others “ daughters “ - “ Sitroniksa “ and “ Systems - the Tack “ each of which has finished the first half of the year with losses. Negative OIBDA “ Sitroniksa “ has reached 38,6 million against positive value in 80,6 million dollars In the first half of the year 2006. “ system - the Tack “ has shown minus indicator OIBDA in 91 million dollars against positive size in 44,4 million dollars for the first half of the year 2006. The matter is that the company poizderzhalas on bonuses - councillors of directors and management have obtained reward in the form of actions “ Systems - the Tack “ on 98 million dollars
In future AFK intend to develop the telecommunication actives seriously. By words g - on Goncharuka, 1 mlrd the dollars are planned to enclose in development of Indian cellular operator Shyam Telelink. 10 % of actions of this company have been bought “ System “ in September of this year. The given operator works only in one staff - Radzhastan, but AFK hopes to expand a cover zone of its network and on other states. For this purpose 500 million dollars can be spent for purchase of licences and frequencies, and 500 million dollars more will go on building of an infrastructure of a communication network. “ system “ Does not exclude that for full financing of such scale project she should borrow money in the open financial market.
besides India corporations are interesting also actives in Europe. According to the first vice-president “ Systems “ Anton Abugova, the holding is ready not only to buy the European actives, but also to participate in competitions on reception of new licences. “ in Europe now constantly there are new possibilities: it, for example, crushing of large operators and sale of a part of their actives or auctions on sale of new licences, - has explained g and #8209; n Abugov daily. - Now, for example, there are frequency auctions to France, also we attentively look at almost all European markets. On many of them, despite the rigid competition, the new player can count on a share of the market about 15 % “. So the main point for AFK consists in that, how many the corporation is ready to spend for an exit on the European market. Financial indicators AFK “ System “ for I half-year 2007
|January - June, 2007 (neaudirovano)||January - June, 2006 (neaudirovano)||Change for a year, %|
|the Consolidated gain, million dollars||5905,9||4340,1||36|
|OIBDA, million dollars||2179,4||1619,4||35|
|Operational profit, million dollars||1427,9||1007,1||42|
|Net profit, million dollars||877,1||310,1||183|
|Base and razvodnennaja profit on the action, dollars||93,7||32,2||191|
|Actives, million dollars||22 464,2||17 292,7||30|