Volga Telecom posts 36% increase in IFRS Net Profit for 2007

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.