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Dorogobuzh Releases RAS Financials for Q1 2011

Today Dorogobuzh (a company in the Acron Group) released its unaudited RAS financials for Q1 2011.

Financial Highlights

• Revenue was up 37% year-on-year to RUB 4,471 million, (Q1 2010: RUB 3,270 million)
• Sales profit was RUB 1,604 million, up 92% year-on-year (Q1 2010: RUB 834 million)
• EBITDA* increased 87% to RUB 1,674 million, from RUB 895 million for the same period of 2010
• EBITDA margin was 37%, up from 27% for Q1 2010
• Net profit for Q1 2011 was RUB 1,761 million. This figure was affected by a positive RUB 121 million mark-to-market revaluation of financial investments (including for securities sold). Exclusive of the revaluation, Dorogobuzh’s net profit more than doubled to RUB 1,640 million (Q1 2010: RUB 680 million).

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

Download Financial Statements in Russian