Cian Plc - ADR

NYSE:CIAN   3:59:52 PM EDT
3.30
-0.01 (-0.30%)
Other Pre-Announcement

Russia's Cian Q1 Net Result Turns To Profit Of RUB 44 Mln

Published: 06/02/2022 10:27 GMT
Cian Plc - ADR (CIAN) - Q1 Profit for the Period Amounted to Rub 44 Million ($0.5 Million)compared to a Loss of Rub 383 Million Year Ago.
Q1 Adjusted EBITDA Turned Positive and Reached Rub 56 Million ($0.7 Million).
Q1 Revenue Increased by 38% Y-o-y to Rub 1,726 Million ($20.5 Million).
Q1 Average Umv (unique Monthly Visitors) Decreased by 10% Y-o-y to 19.2 Million.
As of Today, Cian's Management Believes That the Ability of the Group to Conduct Business Has Not Been Inhibited.
Cian Has a Strong Balance Sheet, With a Significant Cash Balance and No Debt.
Says Neither the Company Nor Any of Its Subsidiaries is Subject to Any Sanctions Announced To-date.
Says Impact of Sanctions and Further Developments on Future Operations and Financial Position of Group May Be Significant, But at This Stage is Difficult to Determine.
Further Company Coverage: Ciann (gdansk Newsroom).
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