IFRS net profit of TTK for 2013 decreased 4-fold to RUB 0.1 billion from RUB 0.4 billion the year before, the company reported. Revenue increased by 1% to RUB 27.4 billion from RUB 27.1 billion. OIBDA increased by 15% to RUB 5.2 billion against RUB 4.5 billion in 2012. OIBDA margin increased to 18.9% against 16.6% in 2012.
Total investment reached RUB 7.3 billion (27% of the revenue). The company's debt as of December 31, 2013 was RUB 17.1 billion.
CJSC Company TransTeleCom (trade mark: TTK) is a parent company of TTK Group which is in the Top 5 of leading Russian communication services providers. TTK's 17 regional enterprises provide telecommunication and data transmission services as well as broadband Internet access services to private and corporate customers all over the country. The major shareholder of TTK is JSC Russian Railways which owns 99.99% of the company's shares.
TTK operates and maintains one of the largest optical networks in Russia more than 76 thousand km long with the bandwidth of 1.6 Tbit/s along with its own unique infrastructure of access to 4.8 million Russian households.
IFRS net profit of TTK for 2012 fell by 30% to RUB 0.7 billion. Revenue increased by 9% year-on-year to RUB 27.1 billion against RUB 24.9 billion for 2011. OIBDA grew by 10% year-on-year reaching RUB 4.8 billion. OIBDA margin increased to 17.7% against 17.5% in 2011. Total investment in the company's development in 2012 was RUB 8.6 billion (32% of the revenue), debt to EBITDA ratio was 2.47.