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Net monetary assets

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Net monetary assets


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Net income in the first quarter of 2006 grew faster then revenues due to increased interest income, which accrued from funds raised during the IPO, the recognition of foreign exchange gains on ruble-denominated net monetary assets, and from the reduction in the Group's effective income tax rate.
1 million or 7 cents per share for the second quarter of 2005 due to a higher than usual financial loss of 4 cents per share from the impact of foreign currency on net monetary assets and lower gross profit.
 
 
 
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