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Dorogobuzh Releases Q1 2012 IFRS Consolidated Statements

Today Dorogobuzh (a company of the Acron Group) released its unaudited IFRS consolidated condensed interim financial statements for Q1 2012.

Financial Highlights

• Revenue totalled RUB 4.477 billion, which matches year-on-year revenue (Q1 2011: RUB 4.481 billion)

• EBITDA* decreased 9% to RUB 1.430 billion, against RUB 1.575 billion in Q1 2011

• EBITDA margin was 32%, down from 35% in Q1 2011

• Net profit reached 1.695 billion, up 12% year-on-year (RUB 1.514 billion in Q1 2011)

*EBITDA is calculated as operating profit plus depreciation and amortisation, profit (loss) from currency exchange and other non-cash and non-standard items.

 Financial Statements