Sibirtelecom, a regional telecommunications and Internet service provider in Siberia, has declared a net profit of US$79.6 million representing a raise of 187.2% from last year.

According to the company, the improvement in net profit is the result of a better operating profit, which grew 29.5% to US$139.985 million, compared to US$107.905 million a year earlier. EBITDA rise 16.8% year-on-year to US$ 262.4724 million, even as the revenues increased 2.4%.

In operational terms, fixed line revenues generated US$ 202.52500 million, a 6.8% rise compared to 1H2009. Wireless revenues increased 0.1%. The company also credited its improved consolidated revenues to increasing broadband subscriber numbers, which reached 692,000 at 30 June 2010.