Консалтинг, Бизнес, Юристы

Russia's Yandex says Q2 adj. net income up 34per cent y/y, upgrades revenue outlook – CNA

Business
Business
Russian internet giant Yandex on Wednesday reported a 34per cent rise in second-quarter adjusted net income compared with a year ago and raised its 2021 group revenue forecast to between 330 and 340 billion roubles (US$4.49-US$4.63 billion).
FILE PHOTO: The logo of Russian internet group Yandex is pictured at the company's headquarter in Moscow, Russia October 4, 2018. REUTERS/Shamil Zhumatov/File Photo
MOSCOW: Russian internet giant Yandex on Wednesday reported a 34per cent rise in second-quarter adjusted net income compared with a year ago and raised its 2021 group revenue forecast to between 330 and 340 billion roubles (US$4.49-US$4.63 billion).
Yandex, which is spending US$400-500 million on an e-commerce drive this year to tap into surging demand for online services during the pandemic, said gross merchandise volumes for its e-commerce businesses jumped 155per cent to 35.1 billion roubles year on year.
Adjusted net income stood at 1 billion roubles, while second-quarter revenue was at 81.4 billion roubles, up 70per cent year-on-year. Yandex had previously expected 2021 revenue to reach 315-330 billion roubles.
(Reporting by Alexander Marrow and Gleb Stolyarov; Editing by Katya Golubkova)
This service is not intended for persons residing in the E.U. By clicking subscribe, I agree to receive news updates and promotional material from Mediacorp and Mediacorp's partners.
Copyright© Mediacorp 2021. Mediacorp Pte Ltd. All rights reserved.
We know it’s a hassle to switch browsers but we want your experience with CNA to be fast, secure and the best it can possibly be.
To continue, upgrade to a supported browser or, for the finest experience, download the mobile app.
Upgraded but still having issues? Contact us

source

Предыдущая запись
Следующая запись

Оставьте свой комментарий