Tuesday, April 17, 2007

UPDATE 2-Comstar reports Q4 loss after taking charges

(Reuters) - MOSCOW, April 17 - Russian fixed-line operator Comstar reported on Tuesday a fourth-quarter loss of $63.1 million after taking charges linked to an executive bonus scheme and an acquisition.

The results marked continuing earnings volatility at Comstar since it raised nearly $1 billion in an IPO on the London Stock Exchange over a year ago, as the company restructured its operations and brought in new management.


Read more at Reuters.com Market News

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