OREANDA-NEWS. Sistema (LSE: SSA), the largest private sector consumer services company in Russia and the CIS, today announced its unaudited consolidated US GAAP financial results for the third quarter and nine months ended September 30, 2006.

Sistema's consolidated revenues increased by 38% to US$ 7,461 million for the nine months of 2006. Group OIBDA increased by 31% year on year from US$ 2.3 billion to US$ 3.0 billion for the nine month period.

Group operating income was up by 35% from US$ 1.6 billion to US$ 2.1 billion for the nine months period. Net income for the nine-month period, the net income growth was 87% from US$ 434.2 million to US$ 810.1 million. The Group reported 83% increase from US$ 46.11 to US$ 84.21 for the nine month period.

Total consolidated assets increased by 54% having made $18,5 billion.