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Golden Telecom Announces Results for 2005 and Planned Rollout of Moscow Broadband Network
|13 марта 2006|
17% year on year increase in EBITDA1
14% year on year increase in consolidated revenues
19% increase in BCS revenues
41% increase in BCS operating income
Other Key Corporate Statistics for 2005:
$29.1 million in dividends paid in 2005
$67.2 million in cash at year-end
Golden Telecom, Inc. (“Golden Telecom” or the “Company”) (NASDAQ: “GLDN”) announced its financial and operating results for the fourth quarter and twelve months ended December 31, 2005.
During the financial year and fourth quarter ended December 31, 2005, Golden Telecom demonstrated growth in its main lines of businesses, Business and Corporate Services (“BCS”) and Carrier and Operator Services (“COS”), as well as continued growth in overall consolidated revenues, operating income, and net income. The Company’s consolidated revenues rose 14% to $667.4 million compared to $584.0 million in the financial year ended December 31, 2004. Compared to 2004, Golden Telecom’s net income rose 17% in 2005 to $76.1 million from $64.8 million in 2004. In the fourth quarter of 2005, consolidated revenues were $175.5 million, which was an increase of 10% from $159.2 million in the fourth quarter of 2004. Additionally, operating income in the fourth quarter of 2005 was $26.5 million, an increase of 13% from $23.4 million in the same quarter in 2004.
Commenting on today’s announcement, Jean-Pierre Vandromme, Chief Executive Officer of Golden Telecom, said, “We are pleased with our financial results for 2005. There was continued growth in our main lines of business, and we were able to implement our federal transit network during 2005 to comply with the new laws and regulations on intercity and long distance services that came into effect as of January 1, 2006. Despite being faced with challenges of continued changes in the regulatory and telecommunications environment in Russia and Ukraine, we continue to successfully grow our business through organic growth, acquisitions, and an expansion of our services.”
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