Acron Announced IFRS Consolidated Results for 9 Months of 2008
OREANDA-NEWS On 24 November JSC Acron (LSE, RTS and MICEX: AKRN) announced its unaudited results for the Company and its consolidated subsidiaries (the “Group”) for the 9 months ended September 30, 2008.
9 Months Highlights:
Financials:
• The Group’s revenue reached RUB 36,295 million, up 67 per cent year-on year (nine months 2007: RUB 21,674 million);
• EBITDA* rallied 221 per cent to reach RUB 16,369 million, against RUB 5,100 million in nine months of 2007;
• EBITDA margin totaled 45 per cent, against 24 per cent in the same period last year;
• The Group’s net profit reached RUB 10,549 million – up 228 per cent year-on-year from RUB 3,212 million;
• Earnings per ordinary share surged 233 per cent to reach RUB 222.58 against RUB 66.88 in nine months 2007.
*EBITDA is calculated as operating profit plus depreciation and amortization.
Detailed information are available here.
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