OREANDA-NEWS. OJSC CenterTelecom (RTS: ESMO, ESMOP; MICEX: CTLK, CTLKP; U.S. OTC: CRMUY), major provider of fixed-line telecommunications services in the Central Federal District of Russia, today announced its unaudited consolidated financial results for the first six months of 2006 in accordance with International Financial Reporting Standards (IFRS).

In the first half of 2006 revenue rose 2.2% year-on-year and reached RUR 13,899 million due to an increase in regulated tariffs in the fourth quarter of 2005 as well as growing sales of value-added telecom services.

OIBDA reached RUR 4,673 million – an increase of 37.1% year-on-year. OIBDA margin grew to 33.6% from 25.1%.

Operating profit rose by 77.1% to RUR 2,037 million. Owing to positive operating profit dynamics, 1H 2006 net profit grew to RUR 220 million compared to a net loss of RUR 164 million in the first half of 2005.