27 April 2012
MOSCOW, Russia - April 27, 2012 - JSC SITRONICS
(SITRONICS or the Company) (LSE: SITR), a leading
provider of telecommunications, information technology
and microelectronic solutions in Russia and the CIS,
today announced that its 2011 Annual Financial Report,
which includes the audited US GAAP financial statements
for the financial year ended December 31, 2011, has been
submitted to the FSA via the National Storage Mechanism
and will shortly be available for inspection at:
http://www.hemscott.com/nsm.do
2011 Annual Financial Report is also available on the
Company's website at:
http://sitronics.com/investors/annualreports/
On April 19, 2012, SITRONICS announced its consolidated
US GAAP financial results for the fourth quarter and its
audited results for the full year ended December 31,
2011.
***
For further information, please visit www.sitronics.com
or contact:
Irina Lanina
Vice President, Corporate Communications
Tel: +7 495 225 0030
lanina@sitronics.com
|
Olga Ovchinnikova
Ivestor Relations Director
Tel: +7 495 225 00 30
ir@sitronics.com
|
SITRONICS is a leading provider of telecommunication
solutions, including software, equipment and systems
integration, IT solutions and microelectronic solutions
in Russia and the Commonwealth of Independent States with
a strong presence in Central and Eastern Europe and a
growing presence in the Middle East and Africa.
SITRONICS serves over 3,500 clients, maintains offices in
30 countries and exports its products and services to
more than 60 countries.
SITRONICS' key Telecommunication Solutions operations are
based in Moscow (Russia), Prague (Czech Republic) and
Athens (Greece), while the company`s IT Solutions and
Microelectronics divisions are based in Kiev (Ukraine)
and Zelenograd (Russia), respectively.
SITRONICS generated revenues of US$ 1,475.1 million for
the full year of 2011 and had US$ 1,863.2 million of
assets at the year end. SITRONICS is majority owned by
OJSC RTI, which is the subsidiary of Sistema, the largest
public diversified corporation in Russia and the CIS.
Some of the information in this press release may
contain projections or other forward-looking statements
regarding future events or the future financial
performance of SITRONICS. You can identify
forward-looking statements by terms such as
"expect", "believe",
"anticipate", "estimate",
"intend", "will", "could",
"may" or "might" the negative of such
terms or other expressions. These statements are only
predictions and actual events or results may differ
materially. We do not intend to or undertake any
obligation to update these statements to reflect events
and circumstances occurring after the date hereof or to
reflect the occurrence of unanticipated events. Many
factors could cause the actual results to differ
materially from those contained in our projections or
forward-looking statements, including, among others,
general economic conditions, our competitive environment,
risks associated with operating in Russia, rapid
technological and market change in our industries, and
other factors specifically related to JSC "SITRONICS" and
its operations.
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