Russia’s Mail.ru reports $85.6m Q1 net profit

Russia’s Mail.ru reports $85.6m Q1 net profit

PanARMENIAN.Net - Russia's largest Internet firm Mail.ru Group posted a $85.6 million first half net profit, the company said in a statement on Wednesday, August 31.

This is the first time that Mail.ru has published results to IFRS.

Revenue amounted to $228.2 million as of June 30, 2011, and EBITDA reached $115.2 million, Mail.ru said, RIA Novosti reported.

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