OREANDA-NEWS. August 24, 2012. Dorogobuzh (a company of Acron Group) released its unaudited consolidated IFRS financial statements for H1 2012.

Financial Highlights

• Revenue totalled RUB 8.69 billion, up 7% year-on-year (H1 2011: RUB 8.15 billion).

• EBITDA* increased 7% year-on-year to RUB 3.05 billion (H1 2011: RUB 2.84 billion).

• EBITDA margin was 35%, which matches the EBITDA margin of 35% in H1 2011.

• Net profit amounted to RUB 2.5 billion, down 57% year-on-year (H1 2011: RUB 5.9 billion).

EBITDA is calculated as operating profit plus depreciation and amortisation, profit (loss) from currency exchange and other non-cash and non-standard items.