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Acron H1 2016 RAS Net Profit Increases 29%

Today, Acron (Moscow Exchange and LSE: AKRN) has released its unconsolidated RAS financial statements for the first six months of 2016.

Key Financials
  • Revenue was up 3% year-on-year to RUB 25,241 million (H1 2015: RUB 24,462 million)
  • Sales profit was down 21% year-on-year to RUB 8,423 million (H1 2015: RUB 10,692 million)
  • EBITDA* was down 20% year-on-year to RUB 9,087 million (H1 2015: RUB 11,295 million)
  • EBITDA margin was 36% against 46% in H1 2015
  • Net profit was up 29% year-on-year to RUB 10,559 million (H1 2015: RUB 8,203 million)
*EBITDA is calculated as return on sales plus depreciation and amortisation.