MOSCOW, August 15 (RIA Novosti) -- Russian titanium giant Vsmpo-Avisma (RTS: VSMPO) said Tuesday its net profit, calculated to Russian Accounting Standards (RSBU), rose 160% in the first six months of 2006, to 3.65 billion rubles ($135 mln).
The corporation's revenues more than doubled in the first half of this year, to 14.9 bln rubles ($550 mln).
Vsmpo-Avisma was established in July 2005, when Avisma (Special Aviation Materials, a Soviet-era enterprise) merged with Vsmpo (Verkhnaya Salda Metallurgical Production Association). The corporation controls one third of the global titanium market.
