Company Profile For OAO "Aktsionernaia finansovaia korporatsiia "Sistema"

JSFC Sistema and subsidiaries operates in the telecommunications, high technology, banking and other sectors, including real estate development, retail, tourism, health care and others. It operates in three business segments: telecommunications, technology and industry, and consumer assets. Its subsidiaries include MTS, which is engaged in providing wireless telecommunications services; Comstar UTS, which is engaged in providing fixed line telecommunication services, data transmission, and Internet services; Sistema Mass Media, which is engaged in cable television, advertising, production and distribution of periodicals, movie production; Concern RTI Systems, which is engaged in the manufacturing of radio technical equipment, and research and development, and Binnofarm, which produces and distributes pharmaceuticals. In October 2009, AFK Sistema OAO completed the sale of its 50.91% stake in Komstar - Obyedinennye TeleSistemy OAO to Mobile TeleSystems.

BRIEF: For the three months ended 31 March 2009, AFK Sistema OAO's total revenues decreased 24% to $2.77B. Net loss for the period from continuing operations totaled $332M, vs. an income of $379.8M. Total revenues reflect a significant decrease in demand for the Company's products and services from Telecommunications, Technology and Industry business segments as well as unfavorable market conditions. Net loss reflects decreased both gross and operating profit margins.

OAO "Aktsionernaia finansovaia korporatsiia "Sistema"
ul. Prechistenka 17/8/9
stroyeniye 1
Moscow     119034
P: +7495.7300599
F: +7495.7300330

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