Golden Telecom announces the achievement of “record-breaking results of financial and economic activity”, which were the result of providing broadband access services and regional development of the company.
In the second quarter of 2006, Golden Telecom's revenue grew by 11% to $ 197 million, and its consolidated profit - $ 22.6 million - grew by 20%, exceeding the net profit gained by the company in the 1st quarter of 2006.
“We look forward to a further increase in revenue growth rates as revenues from our investments in broadband access and federal transit network projects come in,” said Jean-Pierre Vandromme, chief executive officer of Golden Telecom. According to him, revenues from the regions increased by 49% compared with the 2nd quarter of last year. A detailed financial report can be found on the company's website .