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Dorogobuzh Releases Consolidated RAS Statements for Q1 2010

Today Dorogobuzh (member of Acron Group) announced its unaudited consolidated RAS results for Q1 2010.

Financial Highlights

• Revenue reached RUB 3.411 billion, up 31% year-on-year (Q1 2009: RUB 2.596 billion)
• Operating profit was RUB 853 million, 38% more than in Q1 2009 (RUB 617 million)
• EBITDA* increased 38% to RUB 924 million against RUB 672 million in Q1 2009
• EBITDA margin was 27% against 26% in Q1 2009
• Net profit totalled RUB 1.479 billion, including a gain of RUB 781 million due to a mark-to-market revaluation of the financial investments. Net profit before the revaluation was RUB 699 million against RUB 302 million year-on-year.

* EBITDA is calculated as operating profit (sales profit) plus depreciation and amortisation.

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