MOSCOW, June 21 (Reuters) - Russian billionaire Oleg Deripaska's Basic Element investment firm boosted 2006 revenues 40.5 percent to $18.475 billion on high commodity prices, acquisitions and a strong Russian market, the group's CEO said on Thursday.
Gulzhan Moldazhanova told reporters the total value of the group's assets rose 61 percent last year to $23 billion.
The group's flagship energy and aluminium business, En+ Group, accounted for more than half of last year's revenues, bringing in $10.869 billion, up 47 percent year-on-year. En+ is the controlling shareholder in United Company RUSAL, which produces an eighth of the world's aluminium.
Deripaska, Basic Element's sole owner, was ranked Russia's second-richest man by Forbes magazine in May with a personal fortune of $16.8 billion. The company is not listed.
Basic Element supplied the following data on revenues to International Financial Reporting Standards. It gave no data on profits. Business sector 2006 2005 Yr/yr change
($ million) ($ million) (pct) Energy 10,869 7,410 +47 Manufacturing 4,541 3,527 +29 Financial Services 1,476 1,137 +30 Construction 1,045 564 +85 Resources 544 512 +6