OREANDA-NEWS. On August 02, 2007 Southern Telecommunications Company (“UTK”) (RTS: KUBN, KUBNP; MICEX: UTEL, UTELP; ADR OTC: STJSY, KUE FRA)], the principal fixed-line telecommunications provider for Russia’s Southern Federal District, announced its financial results for the first six months of 2007 in accordance with Russian Accounting Standards (RAS), reported the press-centre of UTK.

1H2007 net income increased by 62,3% to RUR 1,066.7 million.

Revenue for the first half of 2007 amounted to RUR 9,622.5 mln, a 14,9%- growth over the comparable period in 2006.

Revenues from new services [1] increased to RUR 1,278.5 million representing a year-on-year increase of 53,4%, and now account for 13,9% of total telecom revenue (versus 10,5% in the first half of 2006).

1H2007 EBITDA rose 14,7% over 1H2006 to RUR 3,757.4 million.

Full version of 1H2007 financial statements of "UTK" PJSC can be viewed on the  corporate web site in “IR section/Financial reports” section.