Russia's Vimpelcom reports 86% profit rise Q4

Russian mobile phone operator Vimpel Communications reported its fourth-quarter profits rose 86% compared with a year ago, an Associated Press report said.

Full-year profit for 2007 was up 80%, the report said.

The company reported fourth-quarter net income of $368 million on net operating revenues of $2 billion, with revenues rising 38.5 % for the quarter, the report added.

Full year net income was $1.463 billion on revenue of $7.17 billion, the Associated Press report said.

The company, which commonly goes by the name Vimpelcom, is Russia's second-largest mobile phone operator and includes operations in Kazakhstan, Ukraine, Uzbekistan, Tajikistan, Georgia and Armenia, the report further said.