Third Quarter 2002 Results (Part 2)
GRUPO IUSACELL CELULAR CONSOLIDATED INCOME STATEMENT
COMPARISON OF THIRD QUARTER 2002 WITH THIRD QUARTER 2001
(figures in thousands of constant September 30, 2002 Pesos)
Growth
3Q02 /
3Q01 3Q02 3Q01
REVENUE
Service 1,469,332 84.1% 1,221,568 92.3% -16.9%
Equipment sales and
other 277,715 15.9% 102,193 7.7% -63.2%
TOTAL REVENUE 1,747,047 100.0% 1,323,761 100.0% -24.2%
Cost of services 390,750 22.4% 335,286 25.3% -14.2%
Other costs 94,577 5.4% 77,738 5.9% -17.8%
TOTAL COSTS 485,327 27.8% 413,024 31.2% -14.9%
GROSS MARGIN 1,261,720 72.2% 910,737 68.8% -27.8%
Sales & Advertising
expenses 361,780 20.7% 318,346 24.0% -12.0%
General and
administrative
expenses 144,902 8.3% 130,806 9.9% -9.7%
Other income (59,127) -3.4% (56,180) -4.2% -5.0%
TOTAL OPERATING
EXPENSES 447,555 25.6% 392,972 29.7% -12.2%
EBITDA 814,165 46.6% 517,765 39.1% -36.4%
Depreciation and
amortization 667,385 38.2% 537,400 40.6% -19.5%
OPERATING LOSS 146,780 8.4% (19,635) -1.5% --
Interest expense, net 95,281 5.5% 84,553 6.4% -11.3%
Foreign exchange loss
(gain) 220,820 12.6% 148,212 11.2% -32.9%
Monetary correction (33,160) -1.9% (42,452) -3.2% 28.0%
INTEGRAL
FINANCING COST 282,941 16.2% 190,313 14.4% -32.7%
INCOME (LOSS) BEFORE
TAXES AND
STATUTORY PROFIT
SHARING COST (136,161) -7.8% (209,948) -15.9% 54.2%
Part (Income) loss
Subsidiaries 1,722 0.1% (153) 0.0% --
Taxes 40,693 2.3% 25,572 1.9% -37.2%
Extraordinary items -- -- (52,156) -3.9% -100.0%
NET INCOME (LOSS)
BEFORE
MINORITY INTEREST (178,576) -10.2% (183,211) -13.8% 2.6%
Minority interest (24,733) -1.4% 8,808 -0.7% --
NET INCOME (LOSS) (153,843) -8.8% (192,019) -14.5% -24.8%
* (1) Unless otherwise noted, all monetary figures are in Mexican
Pesos and restated as of September 30, 2002 in accordance with
Mexican GAAP, except for ARPU (which is in nominal pesos). The
symbols _$_ and _US$_ refer to Mexican pesos and U.S. dollars,
respectively.
* (2) Adjusted EBITDA expenses rather than capitalizes handset
subsidies and excludes non-operational transactions, such as
severance costs and gains from fiber-optic and tower sales.
Investor Contacts:
Russell A. Olson
Chief Financial Officer
011-5255-5109-5751
russell.olson@iusacell.com.mx
Carlos J. Moctezuma
Manager, Investor Relations
011-5255-5109-5780
carlos.moctezuma@iusacell.com.mx
Source:
biz.yahoo.com |
