OREANDA-NEWS  On 22 October JSC Acron (LSE, RTS and MICEX: AKRN) announced its unaudited results for the Company and its consolidated subsidiaries (the “Group”) for the six months ended June 30, 2008.

1H Highlights:

Financials:
The Group’s revenue reached RUB 22,327 million, up 56 per cent year-on year (H1 2007: RUB 14,339 million);

EBITDA* rallied 190 per cent to reach RUB 10,234 million, against RUB 3,534 million in H1 2007;

EBITDA margin totaled 46 per cent, against 25 per cent in the same period last year;

The Group’s net profit reached RUB 7,205 million – up 228 per cent year-on-year from RUB 2,195 million;

Earnings per ordinary share surged 230 per cent to reach RUB 152, against RUB 46 in H1 2007.

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

Note: Average exchange rate was USD  1 to RUB 23.9184 in H1 2008 and US USD  1 to RUB 26.0714 in H1 2007

Detailed information are available here.