Net Profit of VolgaTelecom for 2006 Made 2.1 Billion Roubles
OREANDA-NEWS. OJSC VolgaTelecom cast the total of its operations for 2006 in accordance with International Financial Reporting Standards (IFRS). The financial statement was audited by independent audit company LLC “Ernst & Young”.
Consolidated revenues amounted to RUR 24 848,7 million which is by 4,6% more than the same indicator in 2005. In the reporting period cellular communication services revenues in overall revenue structure grew by 26,2%. In 2006 the revenues of this sector amounted to RUR 3 717,8 million.
Profit from operations reduced by 7,5% vs. 2005 and amounted to RUR 4276 million. EBITDA grew by 6,9% - to RUR 8 716,1 million.
Net profit amounted to RUR 2 134,4 million, which is by 14,8% lower than for the same period of 2005.
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