Acron (RTS, MICEX and LSE: AKRN) today announces its RAS results for Q1 2009.
• Revenues totaled RUB 5.22 billion, a 28% decline year-on-year (Q1 2008: RUB 7.21 billion).
• Operating profit worked out at RUB 1.61 billion, a 59% decrease as compared with RUB 3.90 billion in Q1 2008.
• EBITDA* shrank 57% year-on-year to RUB 1.71 billion (Q1 2008: RUB 3.98 billion).
• EBITDA margin was 33 % - down from 55% in Q1 2008.
• Net profit totaled RUB 3.50 billion, including gain of RUB 4.07 billion due to mark-to-market revaluation of Acron’s financial investment. Therefore, net loss before revaluation was RUB 563 million against net profit of RUB 2.93 billion in Q1 2008.
*EBITDA is calculated as operating profit plus depreciation and amortization
Download Financial Statements in Russian