OREANDA-NEWS. Mostotrest, Russia's leading integrated transport infrastructure construction group, delivered strong financial results in 1H 2014. Revenue increased by 16% and net profit was up 42% year-on-year.

Key Operating and Financial Results:
* Backlog increased by RUB16.8* billion to RUB319.7* billion;
* Revenue rose to RUB52.5 billion, a 16% increase year-on-year, driven by construction volumes growth;
* Gross profit grew 25% to RUB7.6 billion, compared with RUB6.1 billion in 1H2013. Gross margin increased from 13.4% in 1H2013 to 14.4% in the period under review, driven by the increased share of in-house volumes;
* EBITDA grew 5% year-on-year to RUB5.0 billion;
* Net profit increased by 42% year-on-year to RUB1.9 billion;
* 2013 dividend was RUB2.0 billion or 89% of 2013 IFRS net profit announced in June and paid out;
* Capex increased by 55%, compared to 1H 2013 driven by some large-scale projects that were added towards the end of 2013.