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MegaFon RAS net profit in 2006 grows 55%, to $246 million

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MOSCOW, March 30 (RIA Novosti) - The net profit of MegaFon [RTS: MEGF] according to Russian Accounting Standards grew 55% in 2006, year-on-year, to 6.4 billion rubles ($246 million), Russia's third-largest mobile operator said Friday.

The cost of the company's assets in 2006 grew to 82.5 billion rubles ($3.2 billion), from 71.2 billion rubles ($2.7 billion) in 2005.

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