Russia's largest diversified consumer services group Sistema said on Wednesday its US GAAP net income grew 1,500%, year-on-year, in July-September 2009 to $1.68 billion.
Sistema, which provide services in telecommunications, high-tech, oil and energy, radio and aerospace, banking, real estate, retail trade, media, tourism and healthcare sectors, posted a net income of $99.86 million a year ago.
Revenues in July-September 2009 grew 20.8%, year-on-year, to $5.33 billion compared with $4.41 billion a year ago, Sistema said in a statement.
Consolidated OIBDA (operating income before depreciation and amortization) nearly doubled, year-on-year, and almost tripled, quarter-on-quarter, to $3.2 billion with the OIBDA margin of 59.5%, the statement said.
Sistema's oil and energy business unit contributed $1.9 billion and $2.5 billion to the group's consolidated revenues and OIBDA, respectively, the statement said.
MOSCOW, December 9 (RIA Novosti)
