Financial results

• Revenue amounted to 36 095 million rubles, which is 24% higher than for the 1st half of 2018 – 29 209 mln.

• Profit from sales amounted to 11 479 million rubles, which is 52% higher than for the same period of the previous year – 7 572 mln.

• EBITDA* increased by 42% and amounted to RUB 14 160 million compared to the result for the 1st half of 2018 – 10 007 mln.

• The level of EBITDA margin amounted to 39% vs. 34% a year earlier.

• Net profit amounted to 14 005 mln. against RUB 498 million a year earlier. Thus on the financial result of the current and previous reporting periods had a significant impact of exchange differences and the revaluation of financial investments at market value. Adjusted net income, excluding these articles has increased 2.3 times and amounted to 9 855 million rubles, against adjusted net profit 4 293 million RUB over the same period last year.

*EBITDA is defined as profit from sales plus depreciation of fixed assets and intangible assets.