OREANDA-NEWS. April 29, 2011. Today Dorogobuzh (member of Acron Group) announced its unaudited RAS results for Q1 2011.

Financial Highlights

• Revenue was up 37% year-on-year to RUB 4,471 million (Q1 2010: RUB 3,270 million)
• Sales profit totalled RUB 1,604 million, up 92% against RUB 834 million in Q1 2010
• EBITDA* increased 87% year-on-year to RUB 1,674 million (Q1 2010: RUB 895 million)
• EBITDA margin was 37% up from 27% in Q1 2010
• Net profit was RUB 1,761 million, including a gain of RUB 121 million due to a mark-to-market revaluation of Dorogobuzh’s financial investments (including sold securities). Net profit before the revaluation more than doubled to RUB 1,640 million (Q1 2010: RUB 680 million).