OREANDA-NEWS. Dorogobuzh (a company of the Acron Group) released its unaudited consolidated condensed IFRS financial statements for 1Q 2013.

Financial Highlights

• Revenue totalled RUB 4.633 billion, up 3% year-on-year (1Q 2012: RUB 4.477 billion).

• EBITDA* increased 6% to RUB 1.512 billion against RUB 1.426 billion in 1Q 2012.

• EBITDA margin was 33%, up from 32% year-on-year.

• Net profit was RUB 1.237 billion, down 27% year-on-year (1Q 2012: RUB 1.695 billion).

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