Acron IFRS net profits skyrocket 290% in Q2
MOSCOW. Aug 26 (Interfax) - The Acron group posted 2.956 billion rubles in net profits to International Financial Reporting Standards (IFRS) for the second quarter of this year, a 3.9-fold increase, the company reported.
Investment company and bank analysts surveyed by Interfax had forecast the company's net profits would weigh in at 3.2 billion rubles.
Acron's Q2 sales revenues were up 50% at 16.012 billion rubles (14.474 billion rubles forecast), and EBITDA (earnings before interest, taxes, depreciation, and amortization) jumped 110% to 4.5 billion rubles.
The company's net profits for the first half as a whole were up 170% at 6.77 billion rubles. H1 sales revenues rose 37% to 29.878 billion rubles and EBITDA doubled to 9.103 billion rubles.