OREANDA-NEWS. Dorogobuzh (member of Acron Group) has released its unaudited RAS financial statements for 6M 2014.

Financial Highlights

Revenue totalled RUB 8,342 million, down 9% year-on-year (6M 2013: RUB 9,118 million).

Sales profit was RUB 2,057 million down 29% year-on-year (6M 2013: RUB 2,894 million).

EBITDA* was down 26% to RUB 2,286 million (6M 2013: RUB 3,103 million).

EBITDA margin was 27%, against 34% year-on-year.

Net profit was RUB 2,057 million, down 13% year-on-year (6M 2013: RUB 2,377 million).

* EBITDA is calculated as operating profit plus depreciation and amortisation, profit (loss) from currency exchange and other non-cash and non-standard items.