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CenterTelecom posts IFRS $69 mln net income for 2006

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MOSCOW, June 21 (RIA Novosti) - Russian inter-regional telecoms provider CenterTelecom [RTS: ESMO] said Thursday its IFRS net income totaled 1.8 billion rubles ($69 million) in 2006, against a loss of 1.4 billion rubles ($54 million) in 2005.

The fixed-line operator, which provides services in central Russia covering more than 20% of Russia's population, said its revenues increased 2.8% year-on-year in 2006 to 29.48 bln rubles ($1.1 bln).

Operating profit climbed 120% in the reporting period to 5.29 bln rubles ($203 mln), EBITDA gained 67.6% to 10.8 bln rubles ($414 mln) and pre-tax profit totaled 2.62 bln rubles ($101 mln) against a loss of 1.04 bln rubles ($40 mln) a year earlier, the company said.

CenterTelecom, which is part of Svyazinvest state telecoms holding, has charter capital of 6.31 bln rubles ($234 mln). The company's shares are listed on Russia's RTS and MICEX bourses, and its Level-1 American Depositary Receipts circulate on the U.S. over-the-counter market and the Berlin and Frankfurt stock exchanges

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