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Mail.Ru revenue up 27% in Q2, sells Facebook stake
2013-09-05 16:44:00| Telecompaper Headlines
(Telecompaper) Russian internet group Mail.Ru reported aggregate segment revenue up 28.4 percent year-on-year to RUB 12.442 billion in H1, with 27.3 percent annual growth in Q2. In H1, EBITDA grew 26.1 percent to RUB 6.706 billion, and net profit was up 27.6 percent to RUB 5.063 billion. Net cash at 30 June totaled RUB 6.818 billion, and the company raised another USD 525 million in July-August with the sale of its remaining 14.2 million Facebook shares. The monthly audience (TNS Russia) of the Mail.Ru portal in June reached 33.2 million Russian users. The company increased its 2013 guidance and now expects aggregate segment revenue growth of 27-29 percent, led by contextual advertising and games.
Tags: revenue
sells
facebook
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Category:Telecommunications
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