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Acron Q1 2016 RAS net profit increased 91%

Today, Acron (Moscow Exchange and LSE: AKRN) has released its unconsolidated RAS financial statements for the first quarter of 2016. 

Key Financials 

• Revenue was down 7% year-on-year to RUB 13,705 million (Q1 2015: RUB 14,710 million) 
• Return on sales was down 33% year-on-year to RUB 4,987 million (Q1 2015: RUB 7,495 million) 
• EBITDA* was down 32% year-on-year to RUB 5,320 million (Q1 2015: RUB 7,796 million) 
• EBITDA margin was 39% against 53% in Q1 2015 
• Net profit was up 91% year-on-year to RUB 7,221 million (Q1 2015: RUB 3,775 million) 

 *EBITDA is calculated as return on sales plus depreciation and amortisation.