Billionaire Yevtushenkov’s Sistema Says 2010 Net Advances 19%

AFK Sistema, Russian billionaire Vladimir Yevtushenkov’s holding company, said net income rose 19 percent last year to $613 million.

Sales gained 50 percent in the period to $28.1 billion, Sistema said in a statement today.

To contact the editor responsible for this story: Torrey Clark at tclark8@bloomberg.net

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