OREANDA-NEWS. Sistema (LSE: SSA), the largest private sector consumer services company in Russia and the CIS, today announced its unaudited consolidated US GAAP financial results for the six months ended June 30, 2006.

Consolidated revenues of the company for the period under review were up 37% year on year to US$ 4.6 billion. OIBDA was up 16% year on year to US$ 1.7 billion.
 
Operating income of Sistema was up 10% year on year to US$ 1.04 billion. Net income increased by 36% year on year to US$ 310.1 million.
 
Total consolidated assets of the company went up 49% year on year to US$ 17.3 billion, while earnings per share increased by 31% year on year to US$ 0.64.