Volga Telecom posts 36% increase in IFRS Net Profit for 2007
Published: 08 August, 2008, 10:32
Russian regional communications provider Volga Telecom has unveiled its audited IFRS results for 2007.
The figures showed a Net Profit to $127.71 million, 36.1% higher than in 2006, with sales revenue up more than 19% on the previous year to $1.25 Billion. EBITDA was 27% higher at $467.11 million for the Nizhny Novgorod based company.
08.08.2008, 09:53
First investment by Russian Nanotechnology adds to future visionThe Russian Nanotechnology Corporation has recently launched its first 20 million dollar investment project – nano optic lenses. The first production line will open in 4 years. |
08.08.2008, 14:17
Tough week on Russian market turns worse on South Ossetia conflictThe Russian markets started off in the red at the beginning of the week, but made their way back up on Wednesday. However, Friday saw them sink to a new 22 month low – on the escalating conflict between Georgia and South Ossetia – w |
