MOSCOW, October 12 (RIA Novosti) - Tsentrtelecom, an inter-regional telecom provider, said Thursday its net profit in the first six months of 2006, calculated to international accounting standards, totaled 220 million rubles ($8.2 million), against a net loss of 164 million ($6.09 million) last year.
The company's consolidated revenues rose 2.2%, year-on-year, to 13.9 billion rubles ($515.9 million), while operational profit grew 77.1%, to 2.04 billion rubles ($75.6 million).
Tsentrtelecom is part of the Svyazinvest holding, and is the largest telecom operator in the Central Federal District.
Svyazinvest holds 50.688% of the voting shares in the company, while 9.5916% belongs to the Federal Agency for the Management of Federal Property and 2.07% to Lindsell Enterprises Limited and Reardon Enterprises Ltd.
