MTS, a major Russian mobile operator and retailer, has announced plans to pay out $1.08 billion in 2010 dividends, which accounts for 70.08% of the company’s net profit for the year. The company’s dividend policy reportedly implies to direct at least 50% of profit on dividends.
Swedish investment company Vostok Nafta Investment called Avito.ru, its online-classified-ads affiliate company in Russia, the “real romance” of its portfolio in 2011. Vostok Nafta, which owns 25.8% of Avito, claims in its annual report that the site established itself as “the number one online classifieds operator in Russia” following the “explosion” of its traffic since …
Swedish investor has “real romance” with Russian classifieds site Read More
With revenues exceeding 81 billion rubles (approximately $2.87 billion) in 2010, National Computer Corporation (NCC) confirmed its status as the biggest player on the Russian IT market, reports CNews.ru, an online news portal specialized in IT.
VimpelCom, one of Russia’s leading mobile operators, announced this week in ComNews.ru, a specialized Russian telecom media resource, that it had 9,000 base stations in its 3G network as of late 2010, with 3,000 of them deployed in Q4 2010. But the heavy investments required by 3G deployment partly explains VimpelCom’s negative free cash flow …
VimpelCom 3G network still in search of a business model Read More
According to analysts at Alfa-Bank, Euroset’s are set to grow, on average, by 26.1% annually until 2015, reaching an estimated 197.4 billion rubles (approximately $7 billion). EBITDA should hit 21.9 billion rubles ($776 million) by 2015, and net profit should rise to 15.02 billion rubles ($532 million). Euroset, Russia’s leading mobile retailer, announced last week …
Svyaznoy, Russia’s second leading mobile retailer, may go public in Q2 2012, according to Denis Lyudkovsky, the company’s general manager. The announcement was made at a press conference yesterday. The final decision will depend, among other factors, on the success of the impending IPO of Euroset, the market leader.
The EBITDA of Euroset, Russia’s leading mobile retailer, reached 8.37 billion rubles (approx. $279 million) in 2010, up 88% from 2009. During the same period, the company’s net profit grew almost fivefold (+385%), to 5.58 billion rubles, while its revenues increased by just 12.2%, reaching 61.91 billion rubles (approx. $2 billion).
Ozon.Travel, a specialized arm of leading Russian e-commerce player Ozon.ru, announced last Monday a twentyfold increase of its annual gross booking sales, from 44 million rubles in 2009, the year of launch, to 898 million rubles in 2010 ($1.47 million and $29.9 million, respectively).
New York and St. Petersburg — First Line Software, a premiere provider of custom software development services to industry leaders and growth companies around the world, announced today its impressive growth figures for 2010.
In 2010 the performance of Mail.ru Group, an LSE-listed Russian internet group, was remarkable in many respects, according to the financial results it released yesterday. The group’s aggregate revenues grew to $324 million, a 64% increase from 2009 – or 58% excluding the impact of the ICQ acquisition completed in July 2010. Its net income …
Revenues for the leading Russian mobile service providers are expected to grow an average of 10% over the next 3-4 years, according to a JPMorgan report cited by Russian business daily Vedomosti. Operators spent the previous year recovering from the crisis, but from Q3 2009 the average growth rate for revenues increased from 1.5 to …
Revenue for Russian mobile operators to increase up to 10% yearly Read More
Yesterday Moody’s placed the corporate family rating (CFR) and the probability of default rating (PDR) for Sitronics, a Russian provider of corporate telecommunications solutions, on review for possible downgrade.
