OREANDA-NEWS. On 04 May 2008 was announced, that VolgaTelecom presented audited results of its operations in 2007 as per Russian Accounting Standards (RAS). At the reporting period end VolgaTelecom’s net profit amounted to RUR 3 323,1 million which is by 35,4% more vs. 2006*.

Financial and operating indicators of 2007 as per the data of audited reporting:

- Ordinary activities proceeds – RUR 25 162,7 million (116,0%).

- Communications services revenues – RUR 23 887,3 million (117,3%);

- Sales profit – RUR 6 101,6 million (128,9%);

- Pretax earnings – RUR 4 709,6 million (133,3%);

- Net profit margin (to prime cost) – 17,4% (+2,9 per cent points vs. 2006);

- OIBDA** – RUR 9 591,8 million (126,3%);

- OIBDA margin – 38,1%;

- EBITDA ** – RUR 9 017,8 million (124,0%);

- EBITDA margin – 35,8%;

- Investments - RUR 7 454,2 million (127%).

At 2007 year-end sales profit amounted to RUR 6 101,6 million; the growth rate of 128,9% vs. the past year. Among the factors of revenues increase are growth of demand for highly profitable communications services (Internet and data transmission networks), full year of CPP (Calling party Pays) principle operation, and also optimization of the Company’s corporate structure and expenses.