Today Acron (MICEX-RTS and LSE: AKRN) released its unaudited RAS financials for Q1 2012.
Financial Highlights
• Revenue was up 19% year-on-year to RUB 8.83 billion (Q1 2011: RUB 7.41 billion)
• Sales profit was RUB 3.27 billion, up 17% year-on-year from RUB 2.80 billion in Q1 2011
• EBITDA* was up 17% year-on-year to RUB 3.40 billion (Q1 2011: RUB 2.91 billion)
• EBITDA margin was 39%, no change year-on-year
• Net profit was RUB 2.63 billion. This figure was materially affected by a negative RUB 0.7 billion mark-to-market revaluation of financial investments. Acron’s net profit before revaluation was up 52% year-on-year to RUB 3.33 billion (Q1 2011: RUB 2.19 billion)
* EBITDA is calculated as operating profit (sales profit) plus depreciation and amortisation.