Dorodobuzh (a part of Acron Group, RTS and MICEX: DGBZ and DGBZP), today Announces its Results for the 1H 2008.
JSC Dorogobuzh Financial Highlights:
• Revenues reached RUR 5,722 million or US$ 239 million (1H 2007: RUR 3,654 million or US$ 140 million);
• EBITDA* increased to RUR 2,599 million or US$ 109 million. (1H 2007: RUR 920 million or US$ 35 million);
• EBITDA margin was 45 % up from 1H 2007 of 25% ; and
• Net profit increased to RUR 2,142 million or US$ 90 million. (1H 2007: RUR 603 million or US$ 23 million);
*EBITDA is calculated as operating profit plus depreciation and amortization.
Note: Average exchange rate was US $ 1 to RUR 23.9184 in 1H 2008 and US $ 1 to RUR 26.0714 in 1H 2007
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