Date: 7 months ago   Category: Internet

The corrected net profit of "Yandex" in the III quarter has grown by 167% — to 6 billion rubles — Rambler News Service


Photo: Forbes/PhotoXPress.ru the Corrected net profit of "Yandex" in the III quarter 2018 on GAAP has grown by 167% in comparison with the same period of last year — to 6 billion rubles ($91,3 million), it is told in the financial statement of the Internet company. Taking into account Yandex.Market (the co-owner of this company Sberbank – RNS is) the corrected net profit of the company has grown by 157% and has made 6,1 billion rubles ($93 million). The revenue of the Internet company in the III quarter without Yandex.Market has grown by 44% in comparison with the same period of last year, having made 32,6 billion rubles. "Major factors of growth of the corrected net profit were growth of marginality of the main business, due to growth of revenue on Yandex websites and also reduction of losses of a segment of the Taxi, due to high growth rates of revenue and optimization of expenses" — note in the company. Following the results of a year in the company predict growth of revenue by 35-38%, it is noted in the reporting of "Yandex". The corrected EBITDA indicator in the III quarter without Yandex.Market has grown in comparison with a similar indicator by 96% — to 10,7 billion rubles ($163,5 million). Other revenues of the company in the III quarter 2018 have grown in comparison with a similar indicator for the third quarter 2017 by 327% and have made 20% of her total sales. "Growth of other income has been connected generally with service growth in incomes "Yandex. The taxi" and also with income of service "Yandex. The drive" which has been started only this year" — it is said in the statement of the company. The proceeds of "Yandex" from sale of Internet advertizing have increased by 18% — from 21,8 billion rubles to 25,9 billion rubles. It is noted that the quantity of search queries in Russia has increased by 12% in comparison with a similar indicator for the third quarter 2017. In "Yandex" specify that in the III quarter 4,5 million securities of the company within the program of share repurchase of stocks which has been announced in the II quarter 2018 have been redeemed. In April Sberbank has acquired again issued shares of Yandex.Market for the sum of 30 billion rubles. The bank and "Yandex" have created the joint venture, and at the time of closing of the transaction the enterprise was estimated at 60 billion rubles. The companies have agreed to direct to formation of option fund for team of Yandex.Market 10% of stocks of the company.

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