OREANDA-NEWS. Rostelecom (NYSE: ROS; RTS, MICEX: RTKM, RTKMP), Russia’s national long-distance telecommunications operator, today announced audited 2006 full year results in accordance with Russian accounting legislation (RAS).

Rostelecom’s 2006 full year net profit totaled RUR 7,185.1 million compared to RUR 9,027.9 million a year ago.

As a result of higher operating costs, EBITDA for 2006 totaled RUR 11,045.3 million down 24.3% year on year, representing an EBITDA margin of 18.4%.
 2006 full year operating profit amounted to RUR 7,786.2 million, down 34.9% compared to 2005.

The result from other activities for 2006 totaled RUR 2,108.8 million compared to RUR 199.0 million a year ago. The increase is mainly driven by a revaluation of the Company’s financial investments - Rostelecom recorded a RUR 2,376.8 million net revaluation gain in 2006 compared to RUR 258.6 million net revaluation gain for the previous year.