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VimpelCom US GAAP net profit rises 80% to $1.5 bln in 2007

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MOSCOW, March 12 (RIA Novosti) - Russia's second-largest mobile phone operator VimpelCom [RTS: VIMP] said on Wednesday that its US GAAP net profit had increased 80.2%, year-on-year, in 2007, to $1.463 billion.

VimpelCom, which operates under the Beeline trademark, said its revenues had increased 47.3% in the reporting period to $7.162 billion.

VimpelCom includes cellular phone companies that operate in Russia, Kazakhstan, Ukraine, Tajikistan, Uzbekistan, Georgia and Armenia.

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