Yandex Q2 Profit Down - Quick Facts

(RTTNews) - Internet company Yandex N.V. (YNDX) reported that its net income for the second-quarter 2014 declined to 2.4 billion Russian Rubles or $71.2 million from last year's 2.92 billion Rubles, due to foreign exchange loss recorded on the depreciation of the U.S. dollar during the second-quarter 2014. Net income per Class A and Class B share was 7.37 Rubles or $0.22 compared to 8.70 Rubles in the prior year.

Adjusted net income was 3.3 billion Rubles or $98.7 million, up 9% compared with the previous year.

Revenues were 12.2 billion Rubles or $361.5 million, up 32% from last year, while it was up 35% excluding the impact of Yandex.Money. Ex-TAC revenues or excluding traffic acquisition costs up 23% compared with last year.

On a like-for-like basis, excluding the revenue associated with Yandex.Money from 2013 results, Yandex expects to achieve full year ruble-based revenue growth of 25% to 30% in 2014.