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Acron’s RAS Revenue in H1 2017 up 4%

Today, Acron (MICEX-RTS and LSE: AKRN) has released its unconsolidated RAS financial statements for H1 2017.

Key Financials
  • Revenue was up 4% year-on-year to RUB 26,203 million (H1 2016: RUB 25,241 million)
  • Sales profit was down 30% year-on-year to RUB 5,919 million (H1 2016: RUB 8,423 million)
  • EBITDA* was down 11% year-on-year to RUB 8,085 million (H1 2016: RUB 9,087 million)
  • EBITDA margin was 31% against 36% for H1 2016
  • Net profit was down 61% year-on-year to RUB 4,076 million (H1 2016: RUB 10,559 million)
*EBITDA is calculated as sales profit plus depreciation and amortisation.