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Mail.Ru Group Ltd Raises FY 2013 Revenue Growth Forecast-Reuters


Thursday, 5 Sep 2013 12:17am EDT 

Reuters reported that Mail.Ru Group Ltd (Mail.Ru) reported a 28% rise in first-half net profit to RUB 5.1 billion ($151.8 million) and edged up its revenue growth forecast for the fiscal year 2013 on the back of fast growth in advertising and games. Mail.Ru said it expects its revenue to rise by 27-29% in the fiscal year 2013, up from previous guidance of 25-28%. For the fiscal year 2012 the Company reported revenue of $673.39 million. According to I/B/E/S Estimates analysts on average are expecting Mail.Ru to report revenue of $836.25 million. 

Company Quote

18.99
0.49 +2.65%
27 Feb 2015