The company, also known as VimpelCom, said profits in the first three months of the year reached US$359.3 million (EUR263.59 million), up from US$194.9 million (EUR142.98 million) in 2006, under. That's about US$30 million (EUR22 million)above estimates of ten analysts polled by Dow Jones Newswires.
Revenue grew 53 percent to US$1.72 billion (EUR1.26 billion) as VimpelCom's subscriber base swelled to almost 60 million with an influx of new users in fast-developing markets like Kazakhstan.
Subscribers to the company's primary mobile brand in Russia, BeeLine, spent an average of US$12.30 (EUR9.02) each month, up from the US$9 (EUR6.60) in the same period in 2006.
The company's American Depository Receipts have risen 43 percent since January and closed up 7.4 percent, or US$1.59 (EUR1.17), in New York on Wednesday.
Vimpelcom trails MobileTeleSystems for Russian subscribers but maintains a lead over Megafon, Russia's third largest mobile provider.
The discovery of the submarine has unveiled a few "inconsistencies." For example, how can one explain the fact that the sub was found where it needed to be searched for from the start?
When on a state visit to Singapore, Russian President Vladimir Putin promised to revisit the discussion of the 1956 Declaration between the USSR and Japan regarding the issue of the peace treaty with Japan
The TurkStream, which runs along the bottom of the Black Sea from Russia's Anapa to Turkey, will consist of two lines, each with a capacity of 15.75 billion cubic meters of gas a year