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Dorogobuzh Releases RAS Statements for M9 2010

Today Dorogobuzh (an Acron Group company) released its non-audited RAS financial statements for M9 2010.

Financial Highlights

• Revenue reached RUB 7.73 billion, up 1% year-on-year (M9 2009: RUB 7.67 billion).

• Sales profit was RUB 1.44 billion, down 28% year-on-year (M9 2009: RUB 2.01 billion).

• EBITDA* shrank 25% year-on-year to RUB 1.63 billion (M9 2009: RUB 2.16 billion).

• EBITDA margin was 21%, down from 28% in M9 2009.

• Net profit in the reporting period totalled RUB 1.41 billion, affected by a RUB 38 million mark-to-market revaluation of Dorogobuzh’s financial investments. Net profit before revaluation of the financial investments was RUB 1.37 billion, down 6% from RUB 1.46 billion in M9 2009.

*EBITDA is calculated as operating profit (sales profit) plus depreciation and amortisation.

 Financial Statements in Russian