Category: Company results
Dubai – Mail.Ru Group Limited (LSE: MAIL, hereinafter referred as “the Company” or “the Group”), one of the largest Internet companies in the high-growth Russian-speaking Internet market, today releases its annual report for 2011 and provides the following final audited segment financial information for the year ended 31 December 2011 and an update on the preliminary unaudited segment revenues for Q1 2012.
The 2011 valuation of Avito.ru, Russia’s leading classifieds site by brand awareness and number of users, amounted to $158.73 million, according the annual report issued by minority shareholder Vostok Nafta earlier this month.
Based on a transaction that took place in mid-2011, the figure marks a 2.5-fold increase from the valuation of the previous year, $66 million, but still stands far from the $1 billion target mentioned in the fund’s report last year.
The Ozon group yesterday announced revenue growth of 84% for last year in dollar value, reaching $302.5 million and outperforming the Russian online retail market’s estimated 25% rise to some $10 billion.
Particularly notable was the 3.5-fold growth of Ozon Travel, the branch specializing in air and train tickets and hotel bookings. Established in 2009, Ozon Travel served 12 million users in 2011 and generated sales of $109.7 million, up from $29.9 million in 2010 and $1.47 million in 2009.
In 2011, SAP generated more revenues in Russia and the neighboring CIS countries than any of the other BRIC countries. The Russia and CIS region accounted for the fourth largest contribution to the firm’s global revenues, just after the USA, Germany, and the UK, news agency RIA Novosti reported.
Dubai – Mail.Ru Group Limited (LSE: MAIL, hereinafter referred as “the Company” or “the Group”), one of the largest Internet companies in the high-growth Russian-speaking Internet market, today provides the following preliminary unaudited segment financial information for the second half and full year ended 31 December 2011.
Moscow and The Hague – Yandex (NASDAQ: YNDX), the leading internet company in Russia operating the country’s most popular search engine and most visited website, today announced its financial results for the fourth quarter and the full year ended December 31, 2011.
Tele2 Russia, a subsidiary of the Swedish-based European telecom group, announced 21% annual growth of its operating revenue over the course of 2011, to 51.9 billion roubles, or approximately $1.7 billion. The company’s EBITDA reached 20.3 billion roubles, or $676 million, up 36% from the previous year.
In March, the company raised $1.06 billion in Russian bonds.
During 2011, its subscriber database in Russia increased by 11.9%, totalling 20,636,000 subscribers.
Moscow and The Hague – Yandex (NASDAQ: YNDX), the leading internet company in Russia operating the country’s most popular search engine and most visited website, today announced its unaudited financial results for the quarter ended September 30, 2011. Continue reading
The client base of Tricolor TV, Russia’s leading satellite TV provider, rose by 10% between January and April 2011, reaching 8 million subscribers with 85% purchasing TV packages., The company expects to increase its subscriber base to 10 million households by the end of 2011, announced Tricolor TV General manager Vyacheslav Mordachev last week.
Although Yandex is best known internationally for its search engine, its other services — some of which are very far from search — are used everyday by millions of Russian-speaking Internet users. This is why the company deserves to be named an integrated Internet group rather than a search service.
East-West Digital News is happy to offer you the most exhaustive open-source listing of Yandex technologies ever published in English, including its services and assets in Russia and abroad (click here to download).
Российским
Ozon CEO Maëlle Gavet: “We have internalized most of the delivery process to make it more cost-friendly and efficient”
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Kremlin-connected businessman invests in media and technologies