OREANDA-NEWS. May 18, 2012. RBC OJSC (MICEX-RTS: RBCM) hereby announces its unaudited consolidated financial results for the first quarter of 2012.

"During the first quarter RBC remained focused on developing online resources and services, as well as RBC TV. RBC's consolidated revenue climbed 18%, which is a positive result, taking into account seasonality of media market's sales, which is specifically pronounced for business media. Nevertheless, our online business and RBC TV made a good start, and we expect this positive trend to persist throughout the year, provided that favorable conditions on the advertising market and general macroeconomic stability prevail. We expect the company's consolidated revenue to rise some 30% in 2012," RBC's CEO Sergey Lavrukhin said.

"The company intends to launch several new in-house developed projects in its business and mass Internet segments, and also to make a number of minor acquisitions. An important goal will be to complete the deal to merge Russia's largest domain name registrar RU-Center with RBC's hosting business. The company will also continue expanding RBC TV's content and will implement a number of minor improvements in the channel's technological platform," Sergey Lavrukhin added.