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.
