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Acron Releases Q1 2015 RAS Statements

Today, Acron (Moscow Exchange and LSE: AKRN) has released its unconsolidated financial statements prepared in accordance with the Russian accounting standards (RAS) for the first quarter of 2015.   
RAS Financial Highlights 
  • Revenue totalled RUB 14,710 million, up 68% year-on-year (Q1 2014: RUB 8,782 million) 
  • Sales profit was RUB 7,495 million, up 2.9 times from RUB 2,585 million last year 
  • EBITDA* increased 2.8 times to RUB 7,796 million (Q1 2014: RUB 2,812 million) 
  • EBITDA margin was 53%, against 32 in Q1 2014 
  • Net profit totalled RUB 3,775 million against net loss of RUB 2,842 million year-on-year. 
* EBITDA is calculated as sales profit plus depreciation and amortisation.