Yandex US GAAP adj net profit falls 27% to 9.6 bln rbl in Apr–Jun

MOSCOW, Jul 27 (PRIME) -- The adjusted net profit of Russian Internet company Yandex dropped 27% on the year to 9.6 billion rubles in April–June, as calculated under the U.S. GAAP standards, the company said in a statement on Thursday.

Revenue increased 55% to 182.5 billion rubles.

Total adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) fell 4% on the year to 24.7 billion rubles in the period.

The gross merchandise value (GMV) of all the e-commerce services of Yandex, which includes Yandex.Market, Russia’s Lavka, grocery parts of Yandex.Eats and Delivery Club jumped 89% on the year to 101.5 billion rubles.

Revenue of taxi, carsharing and scooter rental services segment increased by 27% to 38.162 billion rubles, as calculated under the U.S. GAAP standards.

Yandex’s shares declined by 0.26%% to 2,648.4 rubles as of 13.07 Moscow time after the publication of financial statements.

(90.0468 rubles – U.S. $1)

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