Samolet says net profit rises by 11% in January–September

MOSCOW, Oct 26 (PRIME) -- The net profit of Russian real estate developer Samolet increased by 11% on the year to 22.8 billion rubles in January–September without the results of Group of Companies MIC that the company acquired, Samolet said on Thursday.

Revenue grew by 29% to 183.2 billion rubles, the gross profit by 37% to 63.6 billion rubles.

The adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) rose 28% to 44 billion rubles.

Revenue of MIC stood at 41.8 billion rubles.

(93.1507 rubles – U.S. $1)

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