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MLRYY VK Company Ltd (CE)

0.9011
0.00 (0.00%)
27 Jun 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
VK Company Ltd (CE) USOTC:MLRYY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.00 0.00% 0.9011 0.00 01:00:00

Mail.Ru Upgrades Full-Year Revenue Guidance to 27%-29%

05/09/2013 2:57pm

Dow Jones News


VK (CE) (USOTC:MLRYY)
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From Jun 2019 to Jun 2024

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By Olga Razumovskaya

MOSCOW--One of Russia's biggest Internet companies Mail.RU (MAIL.LN) is raising its guidance for year-on-year revenue growth to 27%-29%, the company's Chief Financial Officer Matthew Hammond said during a telephone call Thursday.

The previous guidance was for 25%-28%. Mr. Hammond said contextual advertising will be the key driver behind this growth.

Mr. Hammond also said the company is increasing its forecast of its full-year Ebitda margin to 53%-54%, from 50%.

Write to Olga Razumovskaya olga.razumovskaya@dowjones.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


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