16:18 GMT30 May 2020
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    MegaFon RAS net profit almost doubles in 1H06

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    MOSCOW, August 16 (RIA Novosti) - MegaFon [RTS: MEGF] said Wednesday its net profit calculated to Russian Accounting Standards rose 95%, year-on-year in the first half of 2006 to 3.55 billion rubles (about $131.5 million).

    Russia's third largest mobile phone operator said its sales had grown 34.3% in the reporting period to 15.23 billion rubles (about $564 million) and its gross profit had increased 35.9% to 8.94 billion rubles (about $299 million).

    MegaFon was established in 2002 with a charter capital of $2.2 million. Its shareholders are the Finnish-Swedish TeliaSonera (35.6%), Telecominvest (31.3%), CT-Mobile (25.1%), IPOC International Growth Fund Ltd. (8%).

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