Auditing of 2006 MIRAX GROUP Statements under US GAAP Completed
OREANDA-NEWS. The earnings based on the results of 2006 reached about 14.1 billion rubles (+185%), EBITDA - 6 billion rubles (+282,8%), EBITDA profit margin reached 42.6%.
Net profit in 2006 rose almost 4 times to reach 4.1 billion rubles.
Debt burden of MIRAX GROUP falls within the limits established by CLN issue terms. As of the end of 2006 debt amounted to 9.16 billion rubles, and Debt/EBITDA ratio was 1.5x. Taking into account the large amount of cash on the balance, the debt burden is even lower (Net debt/EBITDA of 0.9x).
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