Russian Market Continues To Provide Growth For VimpelCom

April 2006 | Company Finance Alert

Despite slowing growth in the Russian mobile market as penetration rates near 100%, second-ranked operator VimpelCom recorded a 75.6% year-on-year increase in profits in 2005. Net income reached US$615.13mn, with profits for the fourth quarter up 81.2% y-o-y to US$151.75mn. Operating revenue for the year grew by 53% to US$3.211bn, of which US$910.4mn came from the last

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