Source AP ©

Russian Vimpelcom's 1Q profits jumped 89 percent

Russian mobile operator JSC Vimpel Communications said Thursday its first-quarter profit rose 84 percent as it added new subscribers.

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.

Three days before the second stage of the presidential election in Ukraine, Russia has banned exports of oil, coal and petroleum products to Ukraine

Russia bans exports of oil, coal and petroleum products to Ukraine

Three days before the second stage of the presidential election in Ukraine, Russia has banned exports of oil, coal and petroleum products to Ukraine

Russia bans exports of oil, coal and petroleum products to Ukraine

Three days before the second stage of the presidential election in Ukraine, Russia has banned exports of oil, coal and petroleum products to Ukraine

Russia bans exports of oil, coal and petroleum products to Ukraine
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Russia bans exports of oil, coal and petroleum products to Ukraine
Russia bans exports of oil, coal and petroleum products to Ukraine
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