OREANDA-NEWS. Sibirtelecom OJSC (RTS: ENCO/ENCOP, ENCOG/ENCOPG; MICEX: STKM/STKMP, ADR: OTC – SBTLY, Frankfurt and Berlin Stock Exchanges - ISIN: US8257351036, WKN: 260452), the operator of telecommunications services in the Siberian Federal District, presents its results for the 1st quarter of 2007 prepared in accordance with the Russian Accounting Standards (RAS).

Revenues of Sibirtelecom OJSC (“Company”) without subsidiaries for the 1st quarter of 2007 amounted to 6,336.4 million rubles, increased by 1,052.8 million rubles or 19.9% against the same period of 2006. The main factors of revenue change in the reporting period were increase of subscriber base, intrazone and Internet traffic, development of cellular communications.

Operating income totaled 1,652.9 million rubles, having increased by 264.2 million rubles, or 19.0%. The operating margin is 26.1%. Income before taxation increased by 107.4 million rubles or 11.4% and amounted to 1,051.3 million rubles.

Net income totalled 746.2 million rubles, having increased by 10.8% against the same period of 2006. The net income margin was 11.8%.