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Russia's Dalsvyaz H1 net profit rises 29 pct

MOSCOW, Aug 31 (Reuters) - Russian regional fixed-to-mobile telecom operator Dalsvyaz ESPK.MM said first-half net profit rose by 28.7 percent, helped by cost controls and expansion of new services.

Earnings, calculated under international financial reporting standards, rose to 1.4 billion roubles ($44 million), the company said in a statement on Monday.

Revenues rose 9.9 percent to 8.5 billion roubles, outperforming growth in operating expenses which increased 7.8 percent to 6.5 billion roubles.

Earnings before interest, taxation, depreciation and amortisation (EBITDA) rose 12.5 percent to 3.2 billion roubles, and the EBITDA margin jumped to 37.9 percent from 37 percent.

Net debt decreased by 5.6 percent in the year to June 30 to stand at 4.8 billion roubles.

Dalsvyaz, the biggest fixed-line telecommunications operator in the Far Eastern region of Russia, is majority-owned by national telecoms group Svyazinvest. (Reporting by Maria Kiselyova) ($1 = 31.64 roubles)

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