NovaBev says IFRS net profit rises by 1% to 5 bln rbl in Jan–Sep

MOSCOW, Nov 10 (PRIME) -- The net profit of Russian alcohol producer NovaBev, earlier known as Beluga Group, rose by 1% on the year to 5.262 billion rubles in January–September, as calculated under International Financial Reporting Standards (IFRS), the company said in a statement on Friday.

Revenue grew by 17% to 77.671 billion rubles. The gross profit increased by 10% to 29.436 billion rubles.

Earnings before interest, taxes, depreciation, and amortization (EBITDA) rose by 6% to 12.74 billion rubles.

(91.9266 rubles – U.S. $1)

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