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VimpelCom US GAAP net income rises 84% to $636.5 mln in 1H07

MOSCOW, August 30 (RIA Novosti) - VimpelCom [RTS: VIMP], Russia's second-largest mobile phone operator, said Thursday its US GAAP net income increased 84.4%, year-on-year, in January-June 2007, to $636.5 million.

VimpelCom, which operates under the Beeline trademark, said its total revenue grew 55.7% in the reporting period to $3.2 billion.

VimpelCom includes cellular phone companies that operate in Russia, Kazakhstan, Ukraine, Tajikistan, and Uzbekistan. Key shareholders are Altimo (42.4% of voting shares) and Norway's Telenor (26.6% of voting stock).

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