Acron, Dorogobuzh and Hongri Acron Have Posted their Preliminary Financial Results for Q1 2008 Calculated Based on National Accounting Standards.
JSC Acron
| Name | Q1 2007 | Q1 2008 | Gain |
| Sales proceeds, '000 USD | 151 130 | 297 419 | 97% |
| Net profit, '000 USD | 118 223 | 441 767 | 277% |
| Net profit excluding the effect of investment revaluation, '000 USD | 34 604 | 120 949 | 250% |
| EBIT, '000 USD | 49 260 | 164 059 | 233% |
| EBITDA, '000 USD | 51 700 | 167 590 | 224% |
| EBITDA Margin, '000 USD | 34% | 56% |
JSC Dorogobuzh
| Name | Q1 2007 | Q1 2008 | Gain |
| Sales proceeds, '000 USD | 71 983 | 113 588 | 58% |
| Net profit, '000 USD | - 3 232 | 110 624 | |
| Net profit excluding the effect of investment revaluation, '000 USD | 10 971 | 33 807 | 208% |
| EBIT, '000 USD | 16 215 | 45 859 | 183% |
| EBITDA, '000 USD | 17 132 | 47 137 | 175% |
| EBITDA Margin, '000 USD | 24% | 42% |
Hongri-Acron
| Name | Q1 2007 | Q1 2008 | Gain |
| Sales proceeds, '000 USD | 64 122 | 81 897 | 28% |
| Net profit, '000 USD | 1 078 | 5 946 |
452% |
| EBIT, '000 USD | 3 342 | 10 202 | 205% |
| EBITDA, '000 USD | 4 971 | 12 815 | 158% |
| EBITDA Margin, '000 USD | 8% | 16% |
| Name | Q1 2007 | Q1 2008 | Gain |
| Sales proceeds, '000 USD | 287 234 | 492 904 | 72% |
| Net profit, '000 USD | 116 069 | 558 337 | 381% |
| Net profit excluding the effect of investment revaluation, '000 USD | 46 653 | 160 702 | 244% |
| EBIT, '000 USD | 68 817 | 220 120 | 220% |
| EBITDA, '000 USD | 73 803 | 227 542 | 208% |
| EBITDA Margin, '000 USD | 26% | 46% |
USD exchange rate for Q1 2007: 26.3 RUB/USD and 7.758 RMB/USD
USD exchange rate of Q1 2008: 24.2456 RUB/USD and 7.05 RMB/USD.
* Aggregated Acron performance has been assessed by simple aggregation of the respective lines of Profit and Loss Statements of Acron, Dorogobuzh and Hongri Acron.
JSC Acron
| Name | January 1, 2008 | April 1, 2008 |
| Loans payable, '000 USD | 99 385 | 160 164 |
| Cash, '000 USD | 24 375 | 141 842 |
| Net debt, '000 USD | 75 010 | 18 322 |
JSC Dorogobuzh
| Name | January 1, 2008 | April 1, 2008 |
| Loans payable, '000 USD | 38 936 | 44 769 |
| 2. Cash, '000 USD | 17 453 | 40 598 |
| Net debt, '000 USD | 21 453 | 4 171 |
Hogri-Acron
| Name | January 1, 2008 | April 1, 2008 |
| Loans payable, '000 USD | 63 741 | 60 683 |
| Cash, '000 USD | 18 909 | 22 097 |
| Net debt, '000 USD | 44 832 | 38 586 |
JSC Acron (Aggregated) *
| Name | January 1, 2008 | April 1, 2008 |
| Loans payable, '000 USD | 196 766 | 245 204 |
| Cash, '000 USD | 60 737 | 204 537 |
| Net debt, '000 USD | 136 029 | 40 667 |
USD exchange rate for January 1, 2008: 24.5462 RUB/USD and 7.3047 RMB/USD
USD exchange rate as of April 1, 2008: 23.5156 RUB/USD and 7.0136 RMB/USD.
* Aggregated Acron performance has been assessed by simple aggregation of the respective lines of Balance Sheet Statements of Acron, Dorogobuzh and Hongri Acron less intergroup debt.
Download the JSC Acron's Financial Statements in Russian
Download the JSC Dorogobuzh’s Financial Statements in Russian