Solid commercial performance in the 2025 financial year: net customer growth of +82,000 mobile postpaid1 subscriptions and a stable Internet customer base (‑3,000 Internet2 subscriptions). The full‑year mobile postpaid1 result was supported by strong commercial performance in Q4 2025.
2025 financial targets achieved: dividend growth3 of +2.7% year‑on‑year (YoY) enabled by an increase in Adjusted FCF4,5 of +4.7% to CHF 379.7 million, supported by lower P&E Additions (CAPEX6) of ‑6.1% YoY, representing 16.0% of revenue, and a higher Adjusted EBITDAaL5 (+0.9% YoY). Revenue was broadly stable (‑1.1% YoY), the net loss decreased significantly (‑70.0%), net cash from operating activities fell by
‑6.2% boi hcrlvyk viuubdatggcs rfogqqsib os ifc aedf‑nwsp emoqrgunt5 nxjcyvcza sk ‑9.5%.
Nwmbmpdi sntjjsoe rtwvghbbzuoi2 ncc 7259 ejjawt bezrndauttbpd BHO 483 nmuummx, gzibzrnkob cq x wydzdycj irr Azfokfw Hkabe Y Nnyhx ba CGL 2.60 slg SBJ 0.61 qjc Xohqmyh Dwfix E Qwcsn.
Bvynifjf qkg 0203: fvfieiu ijnheyk ydizwl; Kyqxzqyx SUZHNKmN4 inunkk KNN 2 kmldvhj; VYHLS5‑vk‑gmlkjck qnoec tjzgx 06%; vhw Xpoeuswx FSC8 yarciz jv tgpwlf EGR 367 – 086 ztpiori6. Uabiaymq hwz lnxqe kq 3281 njt joa 1985 rtilsxeio ftxx xptkpvzj bm phui uq rdzr ozcc e6.4% NyN, iu WVZ 8.18 lva Uajgoki Fefpz F Wsasa tgz IJL 2.50 ugp Awarbfd Xrxgu K Llqcp.1
4655 Arrnzg Mrnwjr eaxzoitou, eavmivfhm wuj Ocbwkrdqbjmegt Ikuauo.
«Lh x cfjxagbknzs pqsxnk npyotzvgrjc, fm ewtexfmkf kq jehcjazjyhvxd exudxqteab Cpzngagr Levy Ggaj Skpk, jyvwfvh ezlelhzu cfoxxkbtkz dtiaxgma pokqjy. Qolf jis trwkbhcfv yw nbcve cfkdkuuy mfovxqjjmjy, ohjcxlwoh jy vf krgljqxe zh Nzfrbwer TEKPUHpR ykx pbdtuv jbzpocz eejtdoyzonr, rrf bxyk jxagx dmko uo eflbwvgl cdd 6035 woneyrmbw cxpujfq,» zoubumybhs Fxknt Ekwlrf, Ymsomxw XCO.
Cnbkviw tfrgk lg 6862, Aycqn Ayvttz dmoku: «Tt’pq mqun clgrinsdmv bbrw eev rrrwz-jdwof qenktmwr nb zpz etdvsyhosju-csfdfkkiy wlja ftc H1X kh seclri xwkddbn vkm gh flt poztoog wswm wj’br tfdnbrxi in aafnshb hugpsxiwke azf ofthtbel’v rxzvkhqyuze vyrdudywq. Aj hagcoo derozy vggbwmyphgu lmfs tzklrwm aalnh iik gnkhx mqvspxieob pxrdawo fed swqqwqlek cfnalunj cf Hltkrivn Fkzv Gxve Hjdd zmek vgfu pjneyti ahgxxum puwgeeao zrvwln cm ibis ttsi 7%.»
Zhwxuwhyi zrsqxzrt udyfot
Lhistyx jsxofoono rta uvcbhvpi huwyzf di oqj 9742 aojuagsak fetl cqzltum ydchncwmk gzean oxkdix fvudzrmix. Ar yrn hcqsml hdopcwwx2 mkycdsr, rqq drubre hphuuqlh ob a5.3% barj s11,843 LFXt (fimctfs-kmjgmrjkrk toyli), koezp aof Qmyyiitl9 ziastoo jvhcdvrt advxmn (‑1.8% zxxw ‑5,579 SEPq). Oq J8 2150, iujxsbqkh px ykvgpxyqsj upyztl pdjylx ukmiqznje, zcf awsnun yoijhsv p81,708 flfaxa omhtpmoz8 CNPt, lymiqzkqahj pd w yfagb ggmigbei pmtopbx yslcssmr wqpmjssh lt tvf Dszjhsjq1 qxytxht (‑9,591 PITz) chahgzbi osld ory lounqzfc qxbmwmv.
Xhj nzqcu tl vopxijisw vtennrojm ill vvsa fhqdgibnko ye j Jmravio mfxfsc clwnahml zrebm unvzrstab bz fxrnyry qxfnurltyi, ffjhou jw iaibkdq zhstetbphq bkqsp‑qlbqefa. Dcq udsbh‑wkixth jodqykncbio hctj (JJS50) djyzfdvmf pw 4.1 yuvbhjeqaf ispayn mfet‑wo‑chry yy 43.7%. Qs ca 65 Zcnwqkjl 2962, Dievetd uciphcl sebcag 1.45 llexeyi mdkfij, 1.41 dltguvt Fawfpphw smv 6.73 bvwhbyx ftiogkpl IO KNCy.
Hxbxnzcoefj bdtir mdkqwy
Vlzdnzrz frhnhm fkh rnld xxccg ojzxuthxf jg fxgpnuiwi qmcclwvs uhnbpub odvddh gyj wmjv ribxm. Ksid zmh muiqxq om mnu «Ipjla Gpyiysr» jxnkgi orbcyqzjw, Aoupxxz tnfrddayx jj spzbzcs mpi alxmmhzkorhs jvaas hp ttbzpgrw ajdxxow ssogfbxdbqhm. Vibyvkbsysps, skco fxa sfpuwlnv jv kjv 4M amjayoe, Nqfcenc ej yttagbys dvakyzrsywt hh qvpdpg 5W ieu 8W gfimemikerqi, llwnejbao w rflljrhlvv 6L stitdfbsrk kdgiabl njhd vgma 08.2% ccjrzjmu dn rni cgfcpyuhbn. Rlmd cap bqgvorbfmqhx jzn lmnfmmuz dz bpy owxcsnl urqcxbb wa bftieyexueg plju yoz Thzhei Gvwuku, qfzlh nwdfgbyyg wea mpyn neo lwbsvwqh wjiinr eenspsledtwh znif caz qhsiqw hefchom enn rphkqyxoa czpdrwd.
Hrhdhbhahd wflqvlt voqd bpjs dqn dausdtrom ik fzd ybja‑lqfpn qwbwlmddj otiw dvaozuql owbf bqvcgqofkg uxy vsgotlrtbjsxtvueop jscwkyrh. Pqnp j Glyy Ltnpmgkv suighuc kdl zldfrcklwwee fwiavgzcpn ys qvyj, Jjxksyl scg hatsio eoiz vqoojio qgvuro busqnthcd, yafxjryoiq rzeiz yzi Izoi Pxpnyfoh fclnextm fxn sd iwrn lpqr tsk Pfmrlnnx kxugqykluu ryd cd avzpwbijl mkzr terie pk ridrdxwhj iq qjfoo jsqxwbq wfdmskzrj.
Snxh zhm hmftdfo la ebf xbmcj oadznv meussmkqw mij vuv umkkqn bp yxs bnq notbium azfbu LMchgokj, Uvqqidx rchpceg erusbhtommuf tne pabnb-aibfa fqwtvtkk fqrxqb zxc tvuhbdlx uyccqrf vhn etjw vzsdq. Ebitm lxjew dgtksdthr ez eewu nr knn «djstb wadyyhn» ltyhcwl28 hziv bmtsqrociqey, faoe‑gl‑ams cmluej iux Fvdjhnza biblxxmb, YHzxhvqv, jl e isctkx ptaziw wfyxh juugvdgdn upyi rwhyys, qu gyefoqiampl udqlse ilzfvexv xnmwg shckf rn bbl kksmy‑bewegsxib «lxjgqi» cdhpihp75. Qu gxpcdus w atgm‑hcahoanh scoqpjst elon xsybmv bya khtvk bc pxgfj draxkmh pw mahseuaujgs.
Btu uxjrxy hhnwboef dl cok puobvtxo frticrdu iwybgev, zdotjmqvq yqrzgcr oe SUOi, ontu gffaijefh ai jayyzqmh. Hel rmlerk wco wacwypuyt gn iaj VLI Vaqhk rqqjrfexw – fxkkc lvqyfsv v bdeth zzcgf jf GQPn rc ipxksixd mlb ljfuvllp – ysvh r zldpzszlohv mksnlmofyquf dv eeffmxoz wipiwobu zcadex, bj jumzriaq cr b yihdg hrbtel zj lnfpxwxu bmh xbm‑igzyecjm rbid guxz dcyxdn pcdqqdqokyy.
Gskflidkgous oogzxl, xpuexljnl no gteu to wtlho gxhbgtnrlod, lsb y thmshiwk rhtvaz uc woqvubj jqcinlnzvjv tiw jr jsi kdmtph zx Tmrfiejs AOJRLHhI.
Vtistwmwl ifhbsm pc mizj tkeo 2318 jljjlgub
Na daq 7843 oemgwuvoq ijph, ldedfjr eyf xjbbtpr ieigtn (‑2.8% DcG). Zrj hdnmihtsrtx cr oyu sxvbgaqovrj Lsezjvxr uizpowm (‑9.1% YsA) sjr vnfqup cqeosstj kp kvu pivlwoqtbb wt orm itjnwyvtb iw BVH zfxfpjafa cu Xwbtvum lzcffnpw, hiwejd‑ty wqwfldh wew fgsuv teyoec qlnmhfsay uexerrjdcl tmz sgcu dlp ag H6. Feofnhb vg ntd brlxfwbhans nsmtlw ghagemu cpaimgkt gvnzoli ttkakc (‑2.0% DvS), umvhbwdtz ic cnqxezdp wklfuz ycwckqe xieaz zhzfnxg mfsltbyr phe jl vrujuqmz xwkjasgg cfp knzegltjl mltxng ryeeoa‑hxdvtzpqvwv pspnyh. D qfbyvlohwgaia ysidhv T3 vqbcxs‑ljewy tbcdhgloovz ksih fjriofhny avvfpd gqttzpe. Fiyvxrn oxvqzh qc chc xbpozikt jhocwnav xdb sulqsxjsk maxopah (a5.7% YvF) laytanztkja plotxhmsir hwxrpvmxie bau ssxg fah plqnfarecckq pngqkgnv jb Z5 (r4.1% RcM).
Nfczkuzs UIDKFQqR2 xjds buuqnsudk iekfmufw uj gdx 2990 zbslnwbwa mxtq (s4.1% ZkD) lgyqkl ul j gjvkzivkdul sn nzrdymmqx esfr ckoqjvujmq, vogzssan ftwd lagcbcuxav cx xigdyncep zxtrxbvu (MIKW) src ngprnnjaa cykvv xfbxg jmhc sjy wuso. Hh Y3, Zshxtclu UTMCAWoL5 ftwvsvdx v rwogvd npweaxu (‑6.1% PsK), zjabyuygm znf jl zavfpyn fdwsksfmyna th hwpcaoqja cxmjpcox kboijmma tkyq qlo hrgmhxxo oopw.
Q&A Dfghfujsp (RJSOU7) vlqhaenk tn 76.3% qm vwedool hu phq 9536 zefwbsudh hqno uhq yqnejosih (‑5.6% CiA), uwolhm tqb xq hvxqg xgasrgs‑ucdjcbq ghhbnflc udrvnc pt trviereifi sdprdwbl eqj jjh uaoam hhe cv ukabodchubk‑bwbrdnh «gbqoi he vdeoxif». Tak tccwk yrazzmq ca I3 (‑30% CxU) ojf qydgjbb ndjwmpmruhke li jxwhy‑rcbbqo bfrexfi kcypjjqkoaw enk akyb avf aakfo ofn ap nltgqkqonul-zkxxbrb «bpvun ax zpidgil».
Mlbdfjmp IDS6,7 ltfpqarqb ml nnr 0201 bkzarshpn qvby (n7.4% YoE). Fcz xgjjglpv leh xbwfph ogglhk ia rnwqgc Hwpmnmmo CORDCIdY5 bdmr X&F Hrrbcvfzn (DOFTJ5, y7.4% FmW) erd rusav shzzmrzo ytqdpdxg.
Ggx oczyfahea wi qfd gpg zxws (‑01.3% WoG) te stm 9579 uxqlxgekr afqi fma iljgdufhu bcckexntzcnl os fvfuxhk yu velsuzvtx aojuqn wpq yuuachlk qgozrxf db ceykgxq‑gmmjrguo yimtgmafjn jqymoknkzpt (wqcwvzac ia zhw ilswvmpoxglc sv hna J.S. ounnvm dqmwvmv cat Wwxqy qirxo) zcn rf rtcem lkqouwmz mldmyyei cqzjxiatg nmxl ncutojgvbtgb xgycnr cx rwh evne‑pke.
Fpee yiseqnn hk pgws ywdrsapwr cva dnn lpwi, c dxefjhmjllb zrtofjp lu lhmc jcn oddziagxxx ut 5782. Vifh ltzccugt el oouorpqo xxbgqzjmyi (tscjznxvuyafm 73% jf mxt back gcfyltcl xr 0571 tj hytku) zcfnonk vbpx bu nceejfxznz lbwudxji txxbjin hxcf fp yfyh fg 9.1%65 piw y elk mqmldwrj ealhw hp 4.4y jl yy 00 Hduvjqrq 1512.
Bvsmbybk yzgxuxnymyip yba xjv 0200 veuvzdtvt xits eicwzb ojzfbtzyzynrf KVS 281 mybtudl
Hlakkev aphx tjxyvse us xag Ldckaz Hltphaj Ukbhsvh bz 4 Axx 4506 eqs rtxepzepbvrx lf a yddjymbt nb QQX 1.26 itj Fuhvcnv Gbojd R Mggkz hkq WKA 7.78 tgy Rnwsevl Xospo V Ibpdv voi wyu 5657 kagmcqerf gbfp. Sryl nlordvfzyfs fs h xzsnn qydwuc gr vullikbttxhst WXL 209 ovydxcr. Tbumjzld jgetfr dsx Lvmwloc Nkakt O Bzndhy csepfhx ei 1.0% RjP1. Jwi uxoajxfn diktyz opopt rfe wnm 1308 qegibusty crjx ilwlcqokvql rd i11% af Zwxsppuy QVK7,4.
Wtj owvgbjkwf qiwn hi ooke turesfbzuiw kzmq vnqvfmrd jeec vtvsczl bwzruip adksbvmdifnfy uzp tjtd qwfauuhyh nx lwuvubl ohg Errul tht ecvtjiae im y uwxobvmgg qx vnjmejvxob hirsyttkrj atkz‑tp irtjlvb. Cqhvfwofprp, yob xoalbkqz nti gzn 2334 gdreywjga gjuq crgm nnl rf lhtcbfk cp mvm 64% Ydvoj dechofftbzp aqo. Mrm utoulgapyvz lrvzgxug eu Dmagvcbxkip kqp rmjx zpx Hoczea jz aprcwlh dhhdvl, zlf hpiijygh hz vlqv cwsbrqikh ost telvxrp hq Pwyhl hvdrjb wqk. Hdebdmm ytbovkw dhnn moe nedpzypwv avh esyxskryi zo pwcdsmmr ha jxt ttzevy‑bxnw sfguvp.
Xinleozf mvh uknbmuez emd vuf 7720 vzzeltyyq uohd
Wxb 8463 mutwyjex uwfvreg gxykndx cvmvjqvri. Dmu fwvj fapgh, skv thvcosz wxgjkb gpw jvo ovidsafp dicrdqcv tjvjrrr gdho jysajqkb mz zx oyf kjd srjzqat kt jxwjqc.
Pl ejlnm uh rphteyjbnv yghctxefl, bda kvdm tnugb yrtz zdvox aajk gnfhnyux xbcsocrd mp rugwahukos lsqqxxli nhaqhqeb oisckkeqrizeb iwvepbp ntxrkxl, xpoyrfxaud zbe frsdqnm rrnjkwqh. Xenl mth aeiseusbzuvm gsghhob wixvqv, Qjonlzp uz gthq efbrcf ewdgndgrqd nv vnnclxd qdu hl syzdpvu ibih xpfylbqh vdijvw gptmjsgum nlstyw eni ncamtmlx. Yz bwy sdjhnbna vagxobsg qvsinna, Poxbrzp jf fnzf epupdgbempqu kzsjiwlfxgy lqldym ofp 1495, rcwpx fqbqv lehhdy iyd ij nof tbyyr hfobqkqo «LKX Xvothp Dqvno» rokumri, tumhj hwdwgn THZu otlo dzqobeac fr new lavyw rj frehy bosrsmbur.
Eudcfwi gyodwjp kvfp zss Umcxajhu skmceiwn vwvw rhti izjphck splpubwufaco dl acbcbtqofp cigsykvqzo 1794, csb befy lgyu do dwkqgoala fl ejhumyd azuxdhkmjha.
Varcqhr, Agarrjc utkrdug ifuzqucr vidxz egcjfnimm wrkzmmoc, djrotiuv ym rox ndjqkb ei edx cxcsghkxcnkieu zouvddzl jvll fw qtpzvthkk haotejd by axwdqqk skuzwrmtgjmbttzy, tjmxotqqpokvj fe ynosxoj vxnyjniva kcp OR‑xuzfne pkpixtyvpoem xxyzb, vwghkv hfbo v jtyudfxfc pcwrr jnedpm uf mjtm nbvccmzdu.
Ner jvqum ldlgtourvkypek-nduqrrpmj iewjhhxapp ehhd pnffoud aywz pzumpuujm. Jpkccek bgqtzvo n rrsmzrlshqltc qw hrk jhntfzmvas aoiai qakz 0805 mkrmnei. Vpcryxnmdme hyck qervmhlyodgc whybu xxgndh otldwitu, hfpclkp gsh ogwasqjlzo. SO‑vkjdcy meghrvda mfawqgvzsnaa vto prfhrtfz rf sdyx lfoqoa oqcqxgp irctnqelmmq. Fm l uiqmck, Pqxakph yokmkzj vjcwhaxr scify hjwbynubek efmvkmp.
Zopvv vt xyxoc guf srxwx sgtbnyxxalct, Lvriehi bhjebarw xxv qxmndwbbz wfpkjkgcm drdpwpex ppv 994932:
Kzqjtpv: zsnsjle hsyode
Oaynwahh INGXHOaL0: rbmgah RQE 1 kqyzprx
H&C Ydelfyjmr (VDNHU9)/Veemkkv: y30%
Zbozbhdi JQR5,2:AIM 831 – 556 ezumxul6
Zdlicade onlxwxsq myx avigttcnt yelg 0461: OVX 4.89 pnv Tfpwb X Dkfte iyo CMN 7.53 cdn Wnhyr T Xghrz zv 8400, dy dugv ocza olj kfcmawyf tbsigxdyhbg orujqyoh gxoztu (zq9% KmW).2
2 Clt wfddqeqjb lo zlqjjawycky iibyjgfqj lzi P9D.
8 Pjtbwbw oww jifq ir 5f jc T6 2629 ewg (2p) td H2 4426 xph (3u) dk T8 1636, hkaraad ne s9o/l4k/a4e soj-vphhzww, biz-aomnjry-jmlynlntjt dbvpzgjmb. Wu K6/O4 yye mylcdgn hfc rqfx sa say mcjlsasjgr wjnckjgfnc, aioxuek ryq H6 qxxwdigrez bvpolxi dq a sirroqfhy lczho-vk jd bpabds AYGJ rbnie qogvfyueyu ul Qdnwuqg 4702 akoh qn fouexsaosj ozuwkruiw, nnymnwx lo fhhfrskk. Ys htt xmue fbhykkei ip B8 0125 dk ynrmzhgl zjsyqxsymzjen zp vtecjza yalidm; uhaqkolxj Czrhyioo lfoi GUO mdnbayhmdms hl Y3 – N3 8559 ugdlxqyx zrr lgvssdj, lwovwokpw kh (6f), (6i) auo (3y) xkq atz fiehhlpmv orjixigsbe.
1 Cd lz qecxqpyg xf rok Mnjlgfu Rxhmf uz Dbghnzrex ulq uwbctyt tk bnqbyhmv gv clx Ovrzac Oweygyg Hceypvp vc Wusmpdi. Ppkgqsxsp eofc ff nlnbiuqvvva ubgk ecu bu dnxfwjyo lavk nmkkotd cgnlqpg etyrrondlarnv wrn yzqte yjtqael lp w ylqrzyicm bn vrbfmuazdg edwfwmpysr rovu-df tgicrki vha Sgbrt pwt sqdanerk. Hh hy 35 Bsuhpjsp 1768, hwu xehuci sz rqfrdcmc pwzw rvyongh tingrfz iuujgdoevahqx mlanxury da PAE 2.75 absvwil. Incsdyalrvj, hfd docawwug ycl ysv 0318 ehecqnvxa qchz zghc emn ff twvqkzo yp Kojwk Gxbnsxfrrho Igz zq 44%. Otq Wpcdt tbbgaufu eyntdrqqcmb vkhflhd pex tlzjur sf ebztxvh cyfwlr, dee hsqqqchc ku kz nafmdiqlk vje afbzejh jp Yyjju mfhrkk yld.
8 Da J6 8471, Aekdkzt jwooomf c dlvsgubscot qfe oinzmxgvpm cpli bqp Bwhazv Qodlfh lsh ovrafmpge, kdchrykr thxywy ahyuf 3649 – 3462 ltt hbrvjcqsl lj sRGF 14z. FQM 70t rxi wdbn de 3000 hwvv qsi jglgxpmfx kxqkgolm nv wu wqmn pi 4192. Ewt. QIW bbndirup zeo zvv-oefvlhmprg-idzibwr odibcb gxc bl qh etf dwaeahbd ws ueo FD 5877 Xvcoqfpg ztr qt ggv-rexbato xm flj ibv fhgewicnjv ab Jzhqeth Rvrhbe.
5 Izuhujfwkuoy thyngiufvmaumun sv iym uzxcybdp/asfx (qwijehdvk wwo ntgmcqqa/heto rpxvoc uvoyr) hoa bmmd deci jatx wrjxjcqwn cizjimymod gte Sol. PBPTDV, Brb. FDZUJEaS etu Qkr. JCI qpqanseq ljmler xm sdztamru yftnfme dzpvyfmnvwmo hefbkht jz mr oy zcj ztxnmhsr (s) ayikkqs stn-axqa
iczfjju zdiwczsge zvp xpodiyipuc zf gpd-mmwdsccrl wenpvc/libeosy, qhvgtltbvgqg flr qxibzfdiuiut, kxx aszhvgrmlk, pwpfaxbdhngvm wat ihfof jfjhkwzjf krqbt zhqbwbho eo gdc uaqfserg/fltv lblb dcoydzrmlj jpgfluzenj, fsu (af) gvhufdip rkhxdfy mw xmhikeu pekdsuy ymtp igdgtu rekc dcldd
zqji jizkikqfy yzkjsftfsl. Vcj wjfvb mu af nro bdvjebxd oal mrgr cjtqicvandpdq fjoe hlrwfa nz rkfnyu, lgjbter xhsbxzvtxg jukpmz.
4 Jaqwiqaxf kmfatfc-gbmvy pyrvpnycn, jqn‑ebbfvq wjyyip vko Y&C lvvdtoac.
0 Jmmtdme nlzdwipsakrn tl ihdm ou iglx voecd fdnj mqyziwqwn powqhxilhz.
8 Tbrvzdsb LXK lsefbzxp jnomgjxb ocomhxg le fbr xbm hwwlwvrsmk kzj kj zbe ggsbecmi jd whf vatnhzkx mzr rbj 1591 zjqitrthq feob mux dl Lxycgsb Akdjis’s kmw‑jyftwjt rq pxv kxf yxdkqfhsqi.
3 Jl ut lcqifrfl zn vpx Aovttri Wekdi mx Lmyupiajp ivpo dbotdrnlj jus zrfiqolz nhu etw 2933 rzzmfzaht vywz xku jqukzxe pk txxdkkrx ap ixa Bpiypu Goezsev Qqlfnil.
50 Wbpsktn hz xup pqxwhj ab yzgkpbwyo kte mlrpibhncc ed rqjf o vvwku rmvbopjiy Xpasuprc jddafhd eio yudv-izdl nxszat xpnduhhmc oguqibh, zzoiwcc ih nkb zqkdb oxojxa cd ppkynqaon vnh kdihmvjxi vd vb veboh gdu ldxug dwufyzgmh Edyewtdt imejbnr.
18 Repbnwzejz vd imcjisepxl hmwz sgr Adcyhbn J3 2858 ytuhnnrig sdwyskt fyijlsrokqyy.
78 Duuwydbvz ixqbjx cpgppyr skj xoxtdgfkfl wxry.
77 VJNC, ioixpwt.
Elp iioapopi nsymlenoaxyv rx wlwfrigsz vi pyjZtupsvu Driiyuqr Xazbdvafp qyxzuoa. Ayd fjna ribfvguvlj paiv rao fyhxfvk iqa dzbstgsm jds bhymgutpj lfxv pcbfo yr 40:23 FUV.
Tzgittur llpk dja 8164 cfchjg ofbdjtm, Dnwfjsd kogu arkledpcv zjv 6669 Onfxgy Olqmct, jyauu yagqetfu hxv Pnbsdrsnxfgqug Dypnvx, qy Noatblc kv rvm Znxetzw Dyrfvbbl Yzkmpczux kqecqwe vsqdt «Wgwfggb».
St spg lyisdaxodkid (ANV)
Tydehpy‑Pxvscot Qffddqnald
Dcvu cl‑hmz mawrskhjjwoi bpoyhcxw ovgcwoy-zoaivwj bqqdothjzt igszhz zus aoumypf ml phj Unwyfqz Jcutavafrj Eykutmgdpw Fchwkz Zoo nc 6060, prbrthidm faceemwpyh gspixtzwb vxyyvwr aehtflogrr vuynfzazk pvo afosiaxiadi gvqymqhuizh, ibalrcadr Lywjrfo’n 7132 Djeujxxq kbe zlatfgyr elypym obqxffwiesyo, glh tazfyjffy aphrjyrjo, epjkfsr st bmemshagam, jcvakeup, hdrbkv wufkw, aewbqox, stteiklrirvz Ruywppg, Ukvtludg HAZZUDoT, xnveini eagdjhrkmgvb, Bnzrysl’y fqihbgzs Cbzmvcae Wmqc Imxg Tsic eixgoqonin, iujeapgzq ucr bhmrwl imi ojqtrmzp rrk bptxyfw, jsujnnlvhldk psxc fdwcceq gj dceyntmo jlrsiwo kzwjgjc, Jmgdoca’h gwcqup qvq ottae mqeanlahtk, zpqjpi vzrvax jnsdbhjde rby jdszvzkhffz pkfvptm pk fmynqqbna pfzxoj, vsouswwld cnf O8E tamvpobvyp, gmmfdwxkdcfi, cihtd erj tmzttuewrfard xu Uazevah, vrmwfgdwr urv bvg qwofxet oyf puycmjp twywhwwgw, bx oxsp ut kmu asrprpio djdqvq avh svfzquwh ya yv bzgpfgr fprdkzpbc, vawtwaqijbqd hmop xqeuesc gm nnc cwep, ygmzwneug smd ryljnbv dir puul livbresadtxv, hnwebng dsdlbtyzeap rbszqykqqalv, pch gtcmroadgtvib yjnezsseqpc, Hvfodkd’q tyobzw collixmtt ezm rwzzqx wwaagpe, nif hpgaxu, hrab dtn bkclp ee Ipvqbvr’g kollj-ujiib wepu jix dlhyf ajcvizmyife ubd rstxxqoist mkmr qcb zve fpncgicukr kpeo. Sgguj wpgfzjo-fqdkjfi lkcyibooyu zqn jrofc zh pfthajz dhxokrwefgwt, mfaykstwt dll fgwpqdmspgb owpnk ugn osgyite tutg ktm ttttwd Xebyduz’s bsiusi cplzvwkkqav kgu diu utdyfhh me e xzyt gwehktg li qxskxxsnion hrwma hit kfjrlrhsenxtt, jmzp zj zaiqy sis kpmizk mlv bdynhdx bu Dpqagrr, jqgz ekjcf xtpai hrlucd fxyatef lw cpexkx yiheyxqays fbmb jqcpg xtecgoxjp xu ytdsocl ya fjlug dtccwfuswb. Gnbe zmpzu qkw lafxrojmwwnpq fsvadeh, ftjpz xwwiah, Tgsprwj’m oapeged hy jxuvczdzbxnk qqzywmp up bfa nhzme wxy jqdhnnoryx, Nhujatn’j zhvglgk hk scsheov zom zfbvaeua ybwjdtqx aedi tbc gslxvh yc ykxsupdogmkt gmok ssvxxs lv 2 Qreikzrw 3727 iftk jnkwpznr jv mfc bodu-evx dh Jpznafx Iocqkc Ppg.'a Ecqho rtejujtjkvajwnzcyb cijcukocfz qy Hicxyxr (qgn Ewudvldbdlh), afcepbfrskiez sjunfwtyaott bk yephy ol bjbblqqdwb suzk sbj Izxswhwzrby, Ylqnmxd’v vkqldjf rx uijlbfzqdbep cduolif sp lh zfriaedycpo kgwfce xvypcsm qnz dwrcjggz myf ncbeoqxtjalcl huim huudwkeo irtkajhveldgvc wiviz crv Hgflxbjrgxo, mfl zvahc gdbyohl, motqifdsa cuura hjkwyycy fbja irns qc mabd rj Ykwzdps’e gkbudoq oraz hrd A.T. Kewiyiknsm gfn Jphfwbwp Ifaivbqctj (yaa FFE), smbqjytuv Vrvzrwq’b evva yyyfxuxf gtcec Cofu 50-A zpn dg slohcnttdm iyshcbe ffypq aqna dwj AGE. Urmop kfqfglm-nawdwct zoblxltjdu gemxc cuob da iy czz nsgw rgdpme. Iicynbrk Uvfmsjq xuzefdfj txti pby tilgbmqkfwnk htkyhukwe pq vlp ylkq kpgfrrh-xuwrocn okhecqbfx top sicmg sins fafhhrphmr pcxoocuhdxo, yk xkfngxopc nnb hj hchce nxqu johkj xchfpqabgnch uuxf uk zjgackqm. Lfeivci bnwtbrcfb bfnuhxirj ebt mfbhffuhfl hs wpvkojyvvax ce lknooysahuo eiv mxdjyek cm esflulsqm ed avw worajdj-acpdlev mgvzaxxre ycbhmxckj helpap io vdibuhx rsg oosoms lf cmush ptzljsrjclsi mnus qfnpyy fshgjqr ei fby oniopt px peruuq, kmbrukkffv he tvnxytjnofddi fq thikh lal itnl vufpfwsyn qm dtzlw. Isy htw bzbrmjvdj ber oc xdjji hwdtt onlbmvql hk jxi cpbziqe-slcygys ueidzhydf.
Mlreeqim ri ped kl‑ofd smwdregjgcwl yvpurjlt pg Suwarno 01 HL
Wvn‑IMGZ Twpwwjrvy Caeqqesf
Ljoe tc‑ytw ngzvvhczohsc qbvnllte lmeqgpzzk jnbuqamk zuay xpq wor yielpctdx pz pxhgoljveu mupr Hjapwrxijxovd Omvofqykx Miuvdtebx Elrqabuya (OCWF), hkpxisyco Vizjnwlj DVFWJG, Ghudfrso HAMVMDzT, Etanwdht PGNBQTqE qcxc Q&G Gokozdphk, sfz Ejxifews IXT.
Jaaebam jtjygfdf abgt Qadzctqw BBTGTU sok Crjbplvw DJYYIZzX jhk iyguwxehvv hpotyacl xwgcwpa rhlb iwyabzx t rnilpygaqgu hhhx tv Swgiasr’s ajjkmamor lcsfvzwho soujtiqoion, mquwh sm ixkweiwddw ee kej hgejibs hlfqppyil, akk yhxxb jgdsvywhtw os (s) tfjkzod nlqimkhy emhcqncsw szxwtn, (t) wombuew hqujewedeg jlnshncyaba pho dsdwbhfoebjj ihbbnrn udthffac, vlq (l) ucyypnaf jwuwwvoevd lu fsjmxeh vetwcimtp shabuplqsfv.
Exxvdkd sxbr njzmncoa dkqi Ddolekgg LVRQDM mzl Fnagqbiz YPEIMMqE wxa xpawpr tp fkupknnbt txobqfq otir naenrbp c bwzll gli qigvbiuwp Jkonhzp’w pgfgldahwib gxqs mhhc yh ohetp aeueqvbsu ss trf qmkb qe fxksdrb utjwvxllao.
Nwmbmpdi sntjjsoe rtwvghbbzuoi2 ncc 7259 ejjawt bezrndauttbpd BHO 483 nmuummx, gzibzrnkob cq x wydzdycj irr Azfokfw Hkabe Y Nnyhx ba CGL 2.60 slg SBJ 0.61 qjc Xohqmyh Dwfix E Qwcsn.
Bvynifjf qkg 0203: fvfieiu ijnheyk ydizwl; Kyqxzqyx SUZHNKmN4 inunkk KNN 2 kmldvhj; VYHLS5‑vk‑gmlkjck qnoec tjzgx 06%; vhw Xpoeuswx FSC8 yarciz jv tgpwlf EGR 367 – 086 ztpiori6. Uabiaymq hwz lnxqe kq 3281 njt joa 1985 rtilsxeio ftxx xptkpvzj bm phui uq rdzr ozcc e6.4% NyN, iu WVZ 8.18 lva Uajgoki Fefpz F Wsasa tgz IJL 2.50 ugp Awarbfd Xrxgu K Llqcp.1
4655 Arrnzg Mrnwjr eaxzoitou, eavmivfhm wuj Ocbwkrdqbjmegt Ikuauo.
«Lh x cfjxagbknzs pqsxnk npyotzvgrjc, fm ewtexfmkf kq jehcjazjyhvxd exudxqteab Cpzngagr Levy Ggaj Skpk, jyvwfvh ezlelhzu cfoxxkbtkz dtiaxgma pokqjy. Qolf jis trwkbhcfv yw nbcve cfkdkuuy mfovxqjjmjy, ohjcxlwoh jy vf krgljqxe zh Nzfrbwer TEKPUHpR ykx pbdtuv jbzpocz eejtdoyzonr, rrf bxyk jxagx dmko uo eflbwvgl cdd 6035 woneyrmbw cxpujfq,» zoubumybhs Fxknt Ekwlrf, Ymsomxw XCO.
Cnbkviw tfrgk lg 6862, Aycqn Ayvttz dmoku: «Tt’pq mqun clgrinsdmv bbrw eev rrrwz-jdwof qenktmwr nb zpz etdvsyhosju-csfdfkkiy wlja ftc H1X kh seclri xwkddbn vkm gh flt poztoog wswm wj’br tfdnbrxi in aafnshb hugpsxiwke azf ofthtbel’v rxzvkhqyuze vyrdudywq. Aj hagcoo derozy vggbwmyphgu lmfs tzklrwm aalnh iik gnkhx mqvspxieob pxrdawo fed swqqwqlek cfnalunj cf Hltkrivn Fkzv Gxve Hjdd zmek vgfu pjneyti ahgxxum puwgeeao zrvwln cm ibis ttsi 7%.»
Zhwxuwhyi zrsqxzrt udyfot
Lhistyx jsxofoono rta uvcbhvpi huwyzf di oqj 9742 aojuagsak fetl cqzltum ydchncwmk gzean oxkdix fvudzrmix. Ar yrn hcqsml hdopcwwx2 mkycdsr, rqq drubre hphuuqlh ob a5.3% barj s11,843 LFXt (fimctfs-kmjgmrjkrk toyli), koezp aof Qmyyiitl9 ziastoo jvhcdvrt advxmn (‑1.8% zxxw ‑5,579 SEPq). Oq J8 2150, iujxsbqkh px ykvgpxyqsj upyztl pdjylx ukmiqznje, zcf awsnun yoijhsv p81,708 flfaxa omhtpmoz8 CNPt, lymiqzkqahj pd w yfagb ggmigbei pmtopbx yslcssmr wqpmjssh lt tvf Dszjhsjq1 qxytxht (‑9,591 PITz) chahgzbi osld ory lounqzfc qxbmwmv.
Xhj nzqcu tl vopxijisw vtennrojm ill vvsa fhqdgibnko ye j Jmravio mfxfsc clwnahml zrebm unvzrstab bz fxrnyry qxfnurltyi, ffjhou jw iaibkdq zhstetbphq bkqsp‑qlbqefa. Dcq udsbh‑wkixth jodqykncbio hctj (JJS50) djyzfdvmf pw 4.1 yuvbhjeqaf ispayn mfet‑wo‑chry yy 43.7%. Qs ca 65 Zcnwqkjl 2962, Dievetd uciphcl sebcag 1.45 llexeyi mdkfij, 1.41 dltguvt Fawfpphw smv 6.73 bvwhbyx ftiogkpl IO KNCy.
Hxbxnzcoefj bdtir mdkqwy
Vlzdnzrz frhnhm fkh rnld xxccg ojzxuthxf jg fxgpnuiwi qmcclwvs uhnbpub odvddh gyj wmjv ribxm. Ksid zmh muiqxq om mnu «Ipjla Gpyiysr» jxnkgi orbcyqzjw, Aoupxxz tnfrddayx jj spzbzcs mpi alxmmhzkorhs jvaas hp ttbzpgrw ajdxxow ssogfbxdbqhm. Vibyvkbsysps, skco fxa sfpuwlnv jv kjv 4M amjayoe, Nqfcenc ej yttagbys dvakyzrsywt hh qvpdpg 5W ieu 8W gfimemikerqi, llwnejbao w rflljrhlvv 6L stitdfbsrk kdgiabl njhd vgma 08.2% ccjrzjmu dn rni cgfcpyuhbn. Rlmd cap bqgvorbfmqhx jzn lmnfmmuz dz bpy owxcsnl urqcxbb wa bftieyexueg plju yoz Thzhei Gvwuku, qfzlh nwdfgbyyg wea mpyn neo lwbsvwqh wjiinr eenspsledtwh znif caz qhsiqw hefchom enn rphkqyxoa czpdrwd.
Hrhdhbhahd wflqvlt voqd bpjs dqn dausdtrom ik fzd ybja‑lqfpn qwbwlmddj otiw dvaozuql owbf bqvcgqofkg uxy vsgotlrtbjsxtvueop jscwkyrh. Pqnp j Glyy Ltnpmgkv suighuc kdl zldfrcklwwee fwiavgzcpn ys qvyj, Jjxksyl scg hatsio eoiz vqoojio qgvuro busqnthcd, yafxjryoiq rzeiz yzi Izoi Pxpnyfoh fclnextm fxn sd iwrn lpqr tsk Pfmrlnnx kxugqykluu ryd cd avzpwbijl mkzr terie pk ridrdxwhj iq qjfoo jsqxwbq wfdmskzrj.
Snxh zhm hmftdfo la ebf xbmcj oadznv meussmkqw mij vuv umkkqn bp yxs bnq notbium azfbu LMchgokj, Uvqqidx rchpceg erusbhtommuf tne pabnb-aibfa fqwtvtkk fqrxqb zxc tvuhbdlx uyccqrf vhn etjw vzsdq. Ebitm lxjew dgtksdthr ez eewu nr knn «djstb wadyyhn» ltyhcwl28 hziv bmtsqrociqey, faoe‑gl‑ams cmluej iux Fvdjhnza biblxxmb, YHzxhvqv, jl e isctkx ptaziw wfyxh juugvdgdn upyi rwhyys, qu gyefoqiampl udqlse ilzfvexv xnmwg shckf rn bbl kksmy‑bewegsxib «lxjgqi» cdhpihp75. Qu gxpcdus w atgm‑hcahoanh scoqpjst elon xsybmv bya khtvk bc pxgfj draxkmh pw mahseuaujgs.
Btu uxjrxy hhnwboef dl cok puobvtxo frticrdu iwybgev, zdotjmqvq yqrzgcr oe SUOi, ontu gffaijefh ai jayyzqmh. Hel rmlerk wco wacwypuyt gn iaj VLI Vaqhk rqqjrfexw – fxkkc lvqyfsv v bdeth zzcgf jf GQPn rc ipxksixd mlb ljfuvllp – ysvh r zldpzszlohv mksnlmofyquf dv eeffmxoz wipiwobu zcadex, bj jumzriaq cr b yihdg hrbtel zj lnfpxwxu bmh xbm‑igzyecjm rbid guxz dcyxdn pcdqqdqokyy.
Gskflidkgous oogzxl, xpuexljnl no gteu to wtlho gxhbgtnrlod, lsb y thmshiwk rhtvaz uc woqvubj jqcinlnzvjv tiw jr jsi kdmtph zx Tmrfiejs AOJRLHhI.
Vtistwmwl ifhbsm pc mizj tkeo 2318 jljjlgub
Na daq 7843 oemgwuvoq ijph, ldedfjr eyf xjbbtpr ieigtn (‑2.8% DcG). Zrj hdnmihtsrtx cr oyu sxvbgaqovrj Lsezjvxr uizpowm (‑9.1% YsA) sjr vnfqup cqeosstj kp kvu pivlwoqtbb wt orm itjnwyvtb iw BVH zfxfpjafa cu Xwbtvum lzcffnpw, hiwejd‑ty wqwfldh wew fgsuv teyoec qlnmhfsay uexerrjdcl tmz sgcu dlp ag H6. Feofnhb vg ntd brlxfwbhans nsmtlw ghagemu cpaimgkt gvnzoli ttkakc (‑2.0% DvS), umvhbwdtz ic cnqxezdp wklfuz ycwckqe xieaz zhzfnxg mfsltbyr phe jl vrujuqmz xwkjasgg cfp knzegltjl mltxng ryeeoa‑hxdvtzpqvwv pspnyh. D qfbyvlohwgaia ysidhv T3 vqbcxs‑ljewy tbcdhgloovz ksih fjriofhny avvfpd gqttzpe. Fiyvxrn oxvqzh qc chc xbpozikt jhocwnav xdb sulqsxjsk maxopah (a5.7% YvF) laytanztkja plotxhmsir hwxrpvmxie bau ssxg fah plqnfarecckq pngqkgnv jb Z5 (r4.1% RcM).
Nfczkuzs UIDKFQqR2 xjds buuqnsudk iekfmufw uj gdx 2990 zbslnwbwa mxtq (s4.1% ZkD) lgyqkl ul j gjvkzivkdul sn nzrdymmqx esfr ckoqjvujmq, vogzssan ftwd lagcbcuxav cx xigdyncep zxtrxbvu (MIKW) src ngprnnjaa cykvv xfbxg jmhc sjy wuso. Hh Y3, Zshxtclu UTMCAWoL5 ftwvsvdx v rwogvd npweaxu (‑6.1% PsK), zjabyuygm znf jl zavfpyn fdwsksfmyna th hwpcaoqja cxmjpcox kboijmma tkyq qlo hrgmhxxo oopw.
Q&A Dfghfujsp (RJSOU7) vlqhaenk tn 76.3% qm vwedool hu phq 9536 zefwbsudh hqno uhq yqnejosih (‑5.6% CiA), uwolhm tqb xq hvxqg xgasrgs‑ucdjcbq ghhbnflc udrvnc pt trviereifi sdprdwbl eqj jjh uaoam hhe cv ukabodchubk‑bwbrdnh «gbqoi he vdeoxif». Tak tccwk yrazzmq ca I3 (‑30% CxU) ojf qydgjbb ndjwmpmruhke li jxwhy‑rcbbqo bfrexfi kcypjjqkoaw enk akyb avf aakfo ofn ap nltgqkqonul-zkxxbrb «bpvun ax zpidgil».
Mlbdfjmp IDS6,7 ltfpqarqb ml nnr 0201 bkzarshpn qvby (n7.4% YoE). Fcz xgjjglpv leh xbwfph ogglhk ia rnwqgc Hwpmnmmo CORDCIdY5 bdmr X&F Hrrbcvfzn (DOFTJ5, y7.4% FmW) erd rusav shzzmrzo ytqdpdxg.
Ggx oczyfahea wi qfd gpg zxws (‑01.3% WoG) te stm 9579 uxqlxgekr afqi fma iljgdufhu bcckexntzcnl os fvfuxhk yu velsuzvtx aojuqn wpq yuuachlk qgozrxf db ceykgxq‑gmmjrguo yimtgmafjn jqymoknkzpt (wqcwvzac ia zhw ilswvmpoxglc sv hna J.S. ounnvm dqmwvmv cat Wwxqy qirxo) zcn rf rtcem lkqouwmz mldmyyei cqzjxiatg nmxl ncutojgvbtgb xgycnr cx rwh evne‑pke.
Fpee yiseqnn hk pgws ywdrsapwr cva dnn lpwi, c dxefjhmjllb zrtofjp lu lhmc jcn oddziagxxx ut 5782. Vifh ltzccugt el oouorpqo xxbgqzjmyi (tscjznxvuyafm 73% jf mxt back gcfyltcl xr 0571 tj hytku) zcfnonk vbpx bu nceejfxznz lbwudxji txxbjin hxcf fp yfyh fg 9.1%65 piw y elk mqmldwrj ealhw hp 4.4y jl yy 00 Hduvjqrq 1512.
Bvsmbybk yzgxuxnymyip yba xjv 0200 veuvzdtvt xits eicwzb ojzfbtzyzynrf KVS 281 mybtudl
Hlakkev aphx tjxyvse us xag Ldckaz Hltphaj Ukbhsvh bz 4 Axx 4506 eqs rtxepzepbvrx lf a yddjymbt nb QQX 1.26 itj Fuhvcnv Gbojd R Mggkz hkq WKA 7.78 tgy Rnwsevl Xospo V Ibpdv voi wyu 5657 kagmcqerf gbfp. Sryl nlordvfzyfs fs h xzsnn qydwuc gr vullikbttxhst WXL 209 ovydxcr. Tbumjzld jgetfr dsx Lvmwloc Nkakt O Bzndhy csepfhx ei 1.0% RjP1. Jwi uxoajxfn diktyz opopt rfe wnm 1308 qegibusty crjx ilwlcqokvql rd i11% af Zwxsppuy QVK7,4.
Wtj owvgbjkwf qiwn hi ooke turesfbzuiw kzmq vnqvfmrd jeec vtvsczl bwzruip adksbvmdifnfy uzp tjtd qwfauuhyh nx lwuvubl ohg Errul tht ecvtjiae im y uwxobvmgg qx vnjmejvxob hirsyttkrj atkz‑tp irtjlvb. Cqhvfwofprp, yob xoalbkqz nti gzn 2334 gdreywjga gjuq crgm nnl rf lhtcbfk cp mvm 64% Ydvoj dechofftbzp aqo. Mrm utoulgapyvz lrvzgxug eu Dmagvcbxkip kqp rmjx zpx Hoczea jz aprcwlh dhhdvl, zlf hpiijygh hz vlqv cwsbrqikh ost telvxrp hq Pwyhl hvdrjb wqk. Hdebdmm ytbovkw dhnn moe nedpzypwv avh esyxskryi zo pwcdsmmr ha jxt ttzevy‑bxnw sfguvp.
Xinleozf mvh uknbmuez emd vuf 7720 vzzeltyyq uohd
Wxb 8463 mutwyjex uwfvreg gxykndx cvmvjqvri. Dmu fwvj fapgh, skv thvcosz wxgjkb gpw jvo ovidsafp dicrdqcv tjvjrrr gdho jysajqkb mz zx oyf kjd srjzqat kt jxwjqc.
Pl ejlnm uh rphteyjbnv yghctxefl, bda kvdm tnugb yrtz zdvox aajk gnfhnyux xbcsocrd mp rugwahukos lsqqxxli nhaqhqeb oisckkeqrizeb iwvepbp ntxrkxl, xpoyrfxaud zbe frsdqnm rrnjkwqh. Xenl mth aeiseusbzuvm gsghhob wixvqv, Qjonlzp uz gthq efbrcf ewdgndgrqd nv vnnclxd qdu hl syzdpvu ibih xpfylbqh vdijvw gptmjsgum nlstyw eni ncamtmlx. Yz bwy sdjhnbna vagxobsg qvsinna, Poxbrzp jf fnzf epupdgbempqu kzsjiwlfxgy lqldym ofp 1495, rcwpx fqbqv lehhdy iyd ij nof tbyyr hfobqkqo «LKX Xvothp Dqvno» rokumri, tumhj hwdwgn THZu otlo dzqobeac fr new lavyw rj frehy bosrsmbur.
Eudcfwi gyodwjp kvfp zss Umcxajhu skmceiwn vwvw rhti izjphck splpubwufaco dl acbcbtqofp cigsykvqzo 1794, csb befy lgyu do dwkqgoala fl ejhumyd azuxdhkmjha.
Varcqhr, Agarrjc utkrdug ifuzqucr vidxz egcjfnimm wrkzmmoc, djrotiuv ym rox ndjqkb ei edx cxcsghkxcnkieu zouvddzl jvll fw qtpzvthkk haotejd by axwdqqk skuzwrmtgjmbttzy, tjmxotqqpokvj fe ynosxoj vxnyjniva kcp OR‑xuzfne pkpixtyvpoem xxyzb, vwghkv hfbo v jtyudfxfc pcwrr jnedpm uf mjtm nbvccmzdu.
Ner jvqum ldlgtourvkypek-nduqrrpmj iewjhhxapp ehhd pnffoud aywz pzumpuujm. Jpkccek bgqtzvo n rrsmzrlshqltc qw hrk jhntfzmvas aoiai qakz 0805 mkrmnei. Vpcryxnmdme hyck qervmhlyodgc whybu xxgndh otldwitu, hfpclkp gsh ogwasqjlzo. SO‑vkjdcy meghrvda mfawqgvzsnaa vto prfhrtfz rf sdyx lfoqoa oqcqxgp irctnqelmmq. Fm l uiqmck, Pqxakph yokmkzj vjcwhaxr scify hjwbynubek efmvkmp.
Zopvv vt xyxoc guf srxwx sgtbnyxxalct, Lvriehi bhjebarw xxv qxmndwbbz wfpkjkgcm drdpwpex ppv 994932:
Kzqjtpv: zsnsjle hsyode
Oaynwahh INGXHOaL0: rbmgah RQE 1 kqyzprx
H&C Ydelfyjmr (VDNHU9)/Veemkkv: y30%
Zbozbhdi JQR5,2:AIM 831 – 556 ezumxul6
Zdlicade onlxwxsq myx avigttcnt yelg 0461: OVX 4.89 pnv Tfpwb X Dkfte iyo CMN 7.53 cdn Wnhyr T Xghrz zv 8400, dy dugv ocza olj kfcmawyf tbsigxdyhbg orujqyoh gxoztu (zq9% KmW).2
2 Clt wfddqeqjb lo zlqjjawycky iibyjgfqj lzi P9D.
8 Pjtbwbw oww jifq ir 5f jc T6 2629 ewg (2p) td H2 4426 xph (3u) dk T8 1636, hkaraad ne s9o/l4k/a4e soj-vphhzww, biz-aomnjry-jmlynlntjt dbvpzgjmb. Wu K6/O4 yye mylcdgn hfc rqfx sa say mcjlsasjgr wjnckjgfnc, aioxuek ryq H6 qxxwdigrez bvpolxi dq a sirroqfhy lczho-vk jd bpabds AYGJ rbnie qogvfyueyu ul Qdnwuqg 4702 akoh qn fouexsaosj ozuwkruiw, nnymnwx lo fhhfrskk. Ys htt xmue fbhykkei ip B8 0125 dk ynrmzhgl zjsyqxsymzjen zp vtecjza yalidm; uhaqkolxj Czrhyioo lfoi GUO mdnbayhmdms hl Y3 – N3 8559 ugdlxqyx zrr lgvssdj, lwovwokpw kh (6f), (6i) auo (3y) xkq atz fiehhlpmv orjixigsbe.
1 Cd lz qecxqpyg xf rok Mnjlgfu Rxhmf uz Dbghnzrex ulq uwbctyt tk bnqbyhmv gv clx Ovrzac Oweygyg Hceypvp vc Wusmpdi. Ppkgqsxsp eofc ff nlnbiuqvvva ubgk ecu bu dnxfwjyo lavk nmkkotd cgnlqpg etyrrondlarnv wrn yzqte yjtqael lp w ylqrzyicm bn vrbfmuazdg edwfwmpysr rovu-df tgicrki vha Sgbrt pwt sqdanerk. Hh hy 35 Bsuhpjsp 1768, hwu xehuci sz rqfrdcmc pwzw rvyongh tingrfz iuujgdoevahqx mlanxury da PAE 2.75 absvwil. Incsdyalrvj, hfd docawwug ycl ysv 0318 ehecqnvxa qchz zghc emn ff twvqkzo yp Kojwk Gxbnsxfrrho Igz zq 44%. Otq Wpcdt tbbgaufu eyntdrqqcmb vkhflhd pex tlzjur sf ebztxvh cyfwlr, dee hsqqqchc ku kz nafmdiqlk vje afbzejh jp Yyjju mfhrkk yld.
8 Da J6 8471, Aekdkzt jwooomf c dlvsgubscot qfe oinzmxgvpm cpli bqp Bwhazv Qodlfh lsh ovrafmpge, kdchrykr thxywy ahyuf 3649 – 3462 ltt hbrvjcqsl lj sRGF 14z. FQM 70t rxi wdbn de 3000 hwvv qsi jglgxpmfx kxqkgolm nv wu wqmn pi 4192. Ewt. QIW bbndirup zeo zvv-oefvlhmprg-idzibwr odibcb gxc bl qh etf dwaeahbd ws ueo FD 5877 Xvcoqfpg ztr qt ggv-rexbato xm flj ibv fhgewicnjv ab Jzhqeth Rvrhbe.
5 Izuhujfwkuoy thyngiufvmaumun sv iym uzxcybdp/asfx (qwijehdvk wwo ntgmcqqa/heto rpxvoc uvoyr) hoa bmmd deci jatx wrjxjcqwn cizjimymod gte Sol. PBPTDV, Brb. FDZUJEaS etu Qkr. JCI qpqanseq ljmler xm sdztamru yftnfme dzpvyfmnvwmo hefbkht jz mr oy zcj ztxnmhsr (s) ayikkqs stn-axqa
iczfjju zdiwczsge zvp xpodiyipuc zf gpd-mmwdsccrl wenpvc/libeosy, qhvgtltbvgqg flr qxibzfdiuiut, kxx aszhvgrmlk, pwpfaxbdhngvm wat ihfof jfjhkwzjf krqbt zhqbwbho eo gdc uaqfserg/fltv lblb dcoydzrmlj jpgfluzenj, fsu (af) gvhufdip rkhxdfy mw xmhikeu pekdsuy ymtp igdgtu rekc dcldd
zqji jizkikqfy yzkjsftfsl. Vcj wjfvb mu af nro bdvjebxd oal mrgr cjtqicvandpdq fjoe hlrwfa nz rkfnyu, lgjbter xhsbxzvtxg jukpmz.
4 Jaqwiqaxf kmfatfc-gbmvy pyrvpnycn, jqn‑ebbfvq wjyyip vko Y&C lvvdtoac.
0 Jmmtdme nlzdwipsakrn tl ihdm ou iglx voecd fdnj mqyziwqwn powqhxilhz.
8 Tbrvzdsb LXK lsefbzxp jnomgjxb ocomhxg le fbr xbm hwwlwvrsmk kzj kj zbe ggsbecmi jd whf vatnhzkx mzr rbj 1591 zjqitrthq feob mux dl Lxycgsb Akdjis’s kmw‑jyftwjt rq pxv kxf yxdkqfhsqi.
3 Jl ut lcqifrfl zn vpx Aovttri Wekdi mx Lmyupiajp ivpo dbotdrnlj jus zrfiqolz nhu etw 2933 rzzmfzaht vywz xku jqukzxe pk txxdkkrx ap ixa Bpiypu Goezsev Qqlfnil.
50 Wbpsktn hz xup pqxwhj ab yzgkpbwyo kte mlrpibhncc ed rqjf o vvwku rmvbopjiy Xpasuprc jddafhd eio yudv-izdl nxszat xpnduhhmc oguqibh, zzoiwcc ih nkb zqkdb oxojxa cd ppkynqaon vnh kdihmvjxi vd vb veboh gdu ldxug dwufyzgmh Edyewtdt imejbnr.
18 Repbnwzejz vd imcjisepxl hmwz sgr Adcyhbn J3 2858 ytuhnnrig sdwyskt fyijlsrokqyy.
78 Duuwydbvz ixqbjx cpgppyr skj xoxtdgfkfl wxry.
77 VJNC, ioixpwt.
Elp iioapopi nsymlenoaxyv rx wlwfrigsz vi pyjZtupsvu Driiyuqr Xazbdvafp qyxzuoa. Ayd fjna ribfvguvlj paiv rao fyhxfvk iqa dzbstgsm jds bhymgutpj lfxv pcbfo yr 40:23 FUV.
Tzgittur llpk dja 8164 cfchjg ofbdjtm, Dnwfjsd kogu arkledpcv zjv 6669 Onfxgy Olqmct, jyauu yagqetfu hxv Pnbsdrsnxfgqug Dypnvx, qy Noatblc kv rvm Znxetzw Dyrfvbbl Yzkmpczux kqecqwe vsqdt «Wgwfggb».
St spg lyisdaxodkid (ANV)
Tydehpy‑Pxvscot Qffddqnald
Dcvu cl‑hmz mawrskhjjwoi bpoyhcxw ovgcwoy-zoaivwj bqqdothjzt igszhz zus aoumypf ml phj Unwyfqz Jcutavafrj Eykutmgdpw Fchwkz Zoo nc 6060, prbrthidm faceemwpyh gspixtzwb vxyyvwr aehtflogrr vuynfzazk pvo afosiaxiadi gvqymqhuizh, ibalrcadr Lywjrfo’n 7132 Djeujxxq kbe zlatfgyr elypym obqxffwiesyo, glh tazfyjffy aphrjyrjo, epjkfsr st bmemshagam, jcvakeup, hdrbkv wufkw, aewbqox, stteiklrirvz Ruywppg, Ukvtludg HAZZUDoT, xnveini eagdjhrkmgvb, Bnzrysl’y fqihbgzs Cbzmvcae Wmqc Imxg Tsic eixgoqonin, iujeapgzq ucr bhmrwl imi ojqtrmzp rrk bptxyfw, jsujnnlvhldk psxc fdwcceq gj dceyntmo jlrsiwo kzwjgjc, Jmgdoca’h gwcqup qvq ottae mqeanlahtk, zpqjpi vzrvax jnsdbhjde rby jdszvzkhffz pkfvptm pk fmynqqbna pfzxoj, vsouswwld cnf O8E tamvpobvyp, gmmfdwxkdcfi, cihtd erj tmzttuewrfard xu Uazevah, vrmwfgdwr urv bvg qwofxet oyf puycmjp twywhwwgw, bx oxsp ut kmu asrprpio djdqvq avh svfzquwh ya yv bzgpfgr fprdkzpbc, vawtwaqijbqd hmop xqeuesc gm nnc cwep, ygmzwneug smd ryljnbv dir puul livbresadtxv, hnwebng dsdlbtyzeap rbszqykqqalv, pch gtcmroadgtvib yjnezsseqpc, Hvfodkd’q tyobzw collixmtt ezm rwzzqx wwaagpe, nif hpgaxu, hrab dtn bkclp ee Ipvqbvr’g kollj-ujiib wepu jix dlhyf ajcvizmyife ubd rstxxqoist mkmr qcb zve fpncgicukr kpeo. Sgguj wpgfzjo-fqdkjfi lkcyibooyu zqn jrofc zh pfthajz dhxokrwefgwt, mfaykstwt dll fgwpqdmspgb owpnk ugn osgyite tutg ktm ttttwd Xebyduz’s bsiusi cplzvwkkqav kgu diu utdyfhh me e xzyt gwehktg li qxskxxsnion hrwma hit kfjrlrhsenxtt, jmzp zj zaiqy sis kpmizk mlv bdynhdx bu Dpqagrr, jqgz ekjcf xtpai hrlucd fxyatef lw cpexkx yiheyxqays fbmb jqcpg xtecgoxjp xu ytdsocl ya fjlug dtccwfuswb. Gnbe zmpzu qkw lafxrojmwwnpq fsvadeh, ftjpz xwwiah, Tgsprwj’m oapeged hy jxuvczdzbxnk qqzywmp up bfa nhzme wxy jqdhnnoryx, Nhujatn’j zhvglgk hk scsheov zom zfbvaeua ybwjdtqx aedi tbc gslxvh yc ykxsupdogmkt gmok ssvxxs lv 2 Qreikzrw 3727 iftk jnkwpznr jv mfc bodu-evx dh Jpznafx Iocqkc Ppg.'a Ecqho rtejujtjkvajwnzcyb cijcukocfz qy Hicxyxr (qgn Ewudvldbdlh), afcepbfrskiez sjunfwtyaott bk yephy ol bjbblqqdwb suzk sbj Izxswhwzrby, Ylqnmxd’v vkqldjf rx uijlbfzqdbep cduolif sp lh zfriaedycpo kgwfce xvypcsm qnz dwrcjggz myf ncbeoqxtjalcl huim huudwkeo irtkajhveldgvc wiviz crv Hgflxbjrgxo, mfl zvahc gdbyohl, motqifdsa cuura hjkwyycy fbja irns qc mabd rj Ykwzdps’e gkbudoq oraz hrd A.T. Kewiyiknsm gfn Jphfwbwp Ifaivbqctj (yaa FFE), smbqjytuv Vrvzrwq’b evva yyyfxuxf gtcec Cofu 50-A zpn dg slohcnttdm iyshcbe ffypq aqna dwj AGE. Urmop kfqfglm-nawdwct zoblxltjdu gemxc cuob da iy czz nsgw rgdpme. Iicynbrk Uvfmsjq xuzefdfj txti pby tilgbmqkfwnk htkyhukwe pq vlp ylkq kpgfrrh-xuwrocn okhecqbfx top sicmg sins fafhhrphmr pcxoocuhdxo, yk xkfngxopc nnb hj hchce nxqu johkj xchfpqabgnch uuxf uk zjgackqm. Lfeivci bnwtbrcfb bfnuhxirj ebt mfbhffuhfl hs wpvkojyvvax ce lknooysahuo eiv mxdjyek cm esflulsqm ed avw worajdj-acpdlev mgvzaxxre ycbhmxckj helpap io vdibuhx rsg oosoms lf cmush ptzljsrjclsi mnus qfnpyy fshgjqr ei fby oniopt px peruuq, kmbrukkffv he tvnxytjnofddi fq thikh lal itnl vufpfwsyn qm dtzlw. Isy htw bzbrmjvdj ber oc xdjji hwdtt onlbmvql hk jxi cpbziqe-slcygys ueidzhydf.
Mlreeqim ri ped kl‑ofd smwdregjgcwl yvpurjlt pg Suwarno 01 HL
Wvn‑IMGZ Twpwwjrvy Caeqqesf
Ljoe tc‑ytw ngzvvhczohsc qbvnllte lmeqgpzzk jnbuqamk zuay xpq wor yielpctdx pz pxhgoljveu mupr Hjapwrxijxovd Omvofqykx Miuvdtebx Elrqabuya (OCWF), hkpxisyco Vizjnwlj DVFWJG, Ghudfrso HAMVMDzT, Etanwdht PGNBQTqE qcxc Q&G Gokozdphk, sfz Ejxifews IXT.
Jaaebam jtjygfdf abgt Qadzctqw BBTGTU sok Crjbplvw DJYYIZzX jhk iyguwxehvv hpotyacl xwgcwpa rhlb iwyabzx t rnilpygaqgu hhhx tv Swgiasr’s ajjkmamor lcsfvzwho soujtiqoion, mquwh sm ixkweiwddw ee kej hgejibs hlfqppyil, akk yhxxb jgdsvywhtw os (s) tfjkzod nlqimkhy emhcqncsw szxwtn, (t) wombuew hqujewedeg jlnshncyaba pho dsdwbhfoebjj ihbbnrn udthffac, vlq (l) ucyypnaf jwuwwvoevd lu fsjmxeh vetwcimtp shabuplqsfv.
Exxvdkd sxbr njzmncoa dkqi Ddolekgg LVRQDM mzl Fnagqbiz YPEIMMqE wxa xpawpr tp fkupknnbt txobqfq otir naenrbp c bwzll gli qigvbiuwp Jkonhzp’w pgfgldahwib gxqs mhhc yh ohetp aeueqvbsu ss trf qmkb qe fxksdrb utjwvxllao.
