OREANDA-NEWS. September 28, 2011. Following the results of consolidated statements under IAS of Sollers Group, its net profit for the first half of 2011 made up 897 million rubles against the loss of 1.1 billion rubles it suffered last year. The revenue of the company for the period from January to July of this year increased by 1.5 times and made up 31.5 billion rubles (20.3 billion rubles in the first half of 2010).The EBITDA indicator of SOLLERS Group for the first half of the year increased by 4 times and made up 2.683 billion rubles against 666 million rubles a year before. The profitability under EBITDA increased from 3.3% in 2010 to 9.1% following the results of the first half of this year.

As the first deputy of the Director General of Open Joint Stock Company “SOLLERS” Nikolay Sobolev pointed out, considerable growth in sales of automobiles since the beginning of this year, makes it possible to expect that SOLLERS Group will manage to raise its annual consolidated revenue by no less than 30% and to ensure net profit at the end of 2011.