OREANDA-NEWS. April 29, 2011. Today Acron (RTS, MICEX and LSE: AKRN) announced its unaudited RAS results for Q1 2011.

Financial Highlights

• Revenue was up 42% year-on-year to RUB 7,405 million (Q1 2010: RUB 5,199 million)
• Sales profit more than doubled to reach RUB 2,795 million against RUB 1,315 million in Q1 2010
• EBITDA* also doubled year-on-year and was RUB 2,905 million against RUB 1,429 million in Q1 2010
• EBITDA margin was 39% up from 27% in Q1 2010
• Net profit totalled RUB 3,527 million, including a gain of RUB 1,333 million due to a mark-to-market revaluation of Acron’s financial investments (including sold securities). Net profit before the revaluation multiplied by 2.3 to RUB 2,194 million (Q1 2010: RUB 940 million).