MOSCOW, November 14 (RIA Novosti) - MegaFon [RTS: MEGF] said Tuesday its net profit, calculated to Russian Accounting Standards, rose 66.8%, year-on-year, in the first nine months of 2006, to 5.4 billion rubles ($201.5 million).
Russia's third-largest mobile phone operator said it revenues in January-September were 24.9 billion rubles ($934 million), a 30.7% rise compared to the same period in 2005.
Sales proceeds increased 34.2%, year-on-year, to 8.2 billion rubles ($307 million), and pre-tax profit grew 66.4%, to 7.27 billion rubles ($272 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%).
