OAO North-West Telecom summed up activity for the 1 st quarter of 2009, in accordance with International Financial Reporting Standards (IFRS)

The consolidated interim financial statements for the 1 st quarter of 2009 is unaudited and is presented in the report on the financial situation, a record of the total income, statement of cash flows, statement of changes in equity and the notes to financial statements .

In accordance with IFRS, revenue from sales on the basis of the 1 st quarter of 2009 amounted to 6 532 million rubles. Operating expenses reached 6 007 million rubles. Other operating income on the basis of the 1 st quarter of 2009 amounted to 780 million rubles.

Profit from operating activities of JSC NWT on the basis of the 1 st quarter of 2009 amounted to 1 305 million rubles.

More than 50% of the proceeds of JSC North-West Telecom are revenues from services to the local context, which, on the basis of the 1 st quarter of 2009 amounted to 3 316 million rubles.

Revenue from network services for data transmission and telematic services (Internet) reached 1 255 million rubles., representing 19.2% of total revenue.

EBITDA is on the basis of the 1 st quarter of 2009 reached 1 982 million rubles., EBITDA margin - 30.3%.

The consolidated net loss of OAO North-West Telecom on the basis of the 1 st quarter was 143 million rubles. due to exchange rate differences on foreign currency-denominated debt JSC NWT of $ 1 112 million rubles.

According to the decision of the Audit Committee of the Board of Directors of JSC NWT since 2009, the company will disclose quarterly reporting in accordance with International Financial Reporting Standards (IFRS) to improve transparency in the global macroeconomic uncertainty.
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