July 29, 2014 / 10:02 AM / in 3 years

Russia's Yandex Q2 earnings fall on forex loss

MOSCOW, July 29 (Reuters) - Russia’s biggest search engine Yandex said on Tuesday its earnings fell 18 percent in the second quarter, year-on-year, to 2.4 billion roubles ($67 million), mainly due to a foreign exchange loss.

Adjusted net income rose 9 percent to 3.3 billion roubles, while earnings before interest, taxation, depreciation and amortisation increased 17 percent to 5.0 billion roubles, Yandex said in a statement. ($1 = 35.6990 Russian Roubles) (Reporting by Maria Kiselyova; Editing by Lidia Kelly)

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