MegaFon jumps

29 Sep 2006

Russian cellular operator MegaFon has posted a 70% jump in first half profits to USD318.64 million. Sales were up 51% year-on-year to USD1.55 billion. MegaFon did not reveal what was behind the rapid increase, reports Prime Tass, although it is used to rapid rises in income, with net profits reaching USD393.6 million in 2005, up from USD172 million the year before.

Russia, MegaFon