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Yandex expects consolidated revenues to grow 16-19% in 2017

February 16, 14:10 UTC+3

Company’s consolidated revenues rose 27% to $1.3 bln in 2016

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MOSCOW, February 16. /TASS/. Yandex expects consolidated revenues will surge 16-19% year-on-year as of 2017 year-end, the Russian Internet company said on Thursday.

Company’s consolidated revenues rose 27% in 2016 to 75.9 bln rubles ($1.3 bln).

Adjusted net profit of Yandex under US GAAP reporting statements surged 16% on an annualized basis to 14.1 bln rubles ($246 mln).

Consolidated revenues rose 27% in 2016 to 75.9 bln rubles ($1.3 bln) as of the year-end. Adjusted EBITDA grew by 25% to 26.1 bln rubles ($455.1 mln) in 2016.

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