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 The company's third-quarter revenues increased 28 percent,
year-on-year, to 13.1 billion roubles ($314.5 million), it said in a
statement.
Net profit came in at 4.4 billion roubles, including a 1.4 billion
rouble net foreign exchange gain. That was down 12 percent from a
year ago when Yandex recognized a 2 billion rouble gain after the
sale of a 75 percent stake in Yandex.Money to Sberbank.
When adjusted for both one-off gains, its net profit rose 24 percent
to 3.9 billion roubles, while adjusted earnings before interest,
taxation, depreciation and amortization (EBITDA) grew 34 percent to
5.9 billion roubles, Yandex said.
The company, which is ahead of the world's biggest search engine
Google in Russia with a market share of more than 60 percent, had
43.8 billion roubles in cash, cash equivalents and deposits at the
end of September.
(1 US dollar = 41.6545 Russian rouble)
[to top of second column] |
(Reporting by Maria Kiselyova; Editing by Katya Golubkova and
Elizabeth Piper)
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