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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.