MegaFon’s 1Q net income rises 74%

1 Aug 2006

Russia’s number three cellco MegaFon posted a US GAAP net profit of USD132.1 million in the first quarter of 2006, up 74% year-on-year, on revenues that grew 52% to USD700.2 million, while EBITDA climbed 67% to USD343 million.

Russia, MegaFon