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 fourth quarter and full year ended December 31, 2006.

Sistema's consolidated revenues increased by 43,1% to US$ 10,9 billion in 2006, as a result of solid performance by the Group's Telecommunications segment and steady growth of the Group's non-telecommunications operations. Group OIBDA increased by 36% year on year from US$ 3 billion to US$ 4 billion in 2006.

Group operating income was up by 41,3% from US$ 1,93 billion to US$ 2,73 billion in 2006. In 2006, the net income growth was 69% from US$ 534,4 million to US$ 903,3 million.

Total consolidated assets of the company were up 53,8% year on year to US$ 20,1 billion.

Company’s earnings per share increased by 67,4% year on year to US$ 94,4 per share.