Today Acron (RTS, MICEX and LSE: AKRN) released its non-audited RAS financial statements for M9 2010.
Financial Highlights
• Revenue totalled RUB 15.84 billion, up 12% year-on-year (M9 2009: RUB 14.17 billion).
• Sales profit increased 2% year-on-year to RUB 4.01 billion (M9 2009: RUB 3.92).
• EBITDA* climbed 3% to RUB 4.35 billion, against RUB 4.24 billion in the same period last year.
• EBITDA margin was 27%, down from 30% in M9 2009.
• Net profit totalled RUB 429 million, affected by a negative RUB 1.94 billion mark-to-market revaluation of Acron’s financial investments. Net profit before revaluation of the financial investments was RUB 2.37 billion, down 56% year-on-year from RUB 5.42.
*EBITDA is calculated as operating profit (sales profit) plus depreciation and amortisation.