Ru En

Acron Announces RAS Consolidated Statements for the 9 Months of 2008

JSC Acron (LSE, RTS and MICEX: AKRN) Released Today its RAS Consolidated Results for the Nine Months of 2008.


• Acron’s revenue reached RUB 36,833 million, up 67 per cent year-on-year (nine months 2007: RUB 21,996 million).

• Operating profit amounted to RUB 17,127 million, up 218 per cent year-on-year (nine months 2007: RUB 5,391 million).

• EBITDA* rallied 220 per cent to reach RUB 17,687 million, against RUB 5,520 million in nine months of 2007.

• EBITDA margin totaled 48 per cent, against 25 per cent in the same period last year.

• Acron’s net profit reached RUB 8,718 million. Net profit was affected by mark to market revaluation of financial investments, which resulted in RUB 2,584 in losses. Therefore, net profit before financial investments revaluation grew 223 per cent to RUB 11,302 million against RUB 3,497 million in the previous year.

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

Download Financial Statements in Russian