OREANDA-NEWS. Sistema-Hals (LSE: HALS), one of the largest diversified companies in the real estate market in Russia and the CIS today announces its 2006 annual results.

Revenues of the company were up by 204% to US$ 283 million. Operating income of US$ 83 million, operating margin rose to 29%.

OIBDA rose to US$ 90 million, OIBDA margin rose to 31.9%. The net income of the company was up to US$56 million.
 
As of 1 January 2007, Cushman & Wakefield valued Sistema-Hals' interest in the sites and projects within its portfolio at over $2 billion.