OREANDA-NEWS. “COMSTAR – United TeleSystems” OJSC (“Comstar UTS”) (LSE: CMST),  the leading provider of integrated communications services in Moscow, today announced its unaudited consolidated US GAAP financial results for the three months ended June 30, 2006.

Comstar UTS reported 33% year on year consolidated revenue growth to US$ 286.6 million for the second quarter of 2006, compared to US$ 214.9 million for the second quarter of 2005.

The net Alternative segment revenues for the second quarter of 2006 were up 23% year on year to US$ 102.8 million.

Net Traditional segment revenues for the second quarter of 2006 were up 40% year on year to US$ 183.8 million.

The operating income for the second quarter of 2006 was up 34% year on year to US$ 88.1 million. Net income for the second quarter of 2006 almost tripled year on year to US$ 58.2 million with net income margin expanding to 20.3% compared to 9.9% a year ago.