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    MGTS posts 42% US GAAP net profit increase to $178 mln in 2007

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    MOSCOW, June 18 (RIA Novosti) - Moscow City Telephone Network (MGTS [RTS: MGTS]), one of the largest fixed-line operators in Russia and Europe, posted on Wednesday a 42% increase in consolidated net profit calculated to US GAAP to $178.3 million year-on-year in 2007.

    The company's revenues grew 38.6% to $1.1 billion in 2007 against 2006.

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