Research (J&T BANKA)
Czech markets  |  February 26, 2013 09:15:06

Results for r.2012 beat market expectations

Russian Internet company today announced preliminary results for 2012. Revenues grew by 39% to 21.2 billion rubles and net profit by 37% to 8.5 billion, which is above average expectations. The company had last year EBITDA margin of 54.5%, and expects that this should remain slightly above 50%. Sales should slow growth on 25 to 28% y / y has announced the payment of an extraordinary dividend $ 4.3 per share, which is the current price of about 12% gross dividend yield. The news positively.

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