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Acron Releases RAS Financials for H1 2012

Today Acron (Moscow Exchange and LSE: AKRN) released its unaudited RAS financials for H1 2012.

Financial Highlights

Revenue was up 19% year-on-year to RUB 17.96 billion (H1 2011: RUB 15.05 billion)

Sales profit was RUB 7.51 billion, up 30% year-on-year from RUB 5.77 billion in H1 2011

EBITDA* was up 30% year-on-year to RUB 7.77 billion (H1 2011: RUB 6.00 billion)

EBITDA margin was 43% against 40% for H1 2011

Net profit was RUB 3.77 billion. Net profit for the reporting period was not materially affected by the mark-to-market revaluation of financial investments. Acron’s net profit before revaluation was down 16% year-on-year to RUB 3.78 billion (H1 2011: RUB 4.50 billion)

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

 Download FInancial Satements (in Russian)