Aug 15, 2006. /Lesprom Network/. In first half 2006 net income of Volga pulp-and-paper mill (Nizhegorod region, Russia) rose by 43.4% to RUR 720.4 million year-on-year, company’s press-service reported. Pre-tax profit climbed 40.8% to RUR 901.1 million, profit on sales – 44.3% to RUR 962.9 million, gross profit – 27.6% to RUR 1.2 billion. Profit increase was due to production modernization and costs reduction. Net sales in first half 2006 rose by 14.4% to RUR 3.8 billion, cost price – by 9.1% to RUR 2.6 billion. Bill payable from the beginning of the year reduced by 2.2% to RUR 315.8 million as of July 1, 2006, bill receivable rose by 18.8% to RUR 1.4 billion.