Mail.Ru H1 Net Profit Rises 54.3%

Russia's Mail.Ru Group MLRYY reported a 54.3% rise in its first-half net profit. Its net profit for the period surged to $130.7 million. Its earnings before interest, taxes, depreciation and amortization (EBITDA) rose to $173.6 million. Mail.Ru's revenue came in at $316.4 million, versus $228.2 million, in the year-ago period. Mail.Ru shares gained 6.23% to close at $34.10 yesterday.