Yandex Q4 Profit Climbs - Quick Facts

(RTTNews) - Yandex N.V. (YNDX) posted higher fourth-quarter 2013 net income of 3.35 billion Russian rubles, or 10.08 rubles per share, versus last year's 2.69 billion rubles, or 8.00 rubles per share. In U.S. dollars, the firm's net income per Class A and Class B share totaled $0.31 in the recent quarter.

On an adjusted basis, net profit for the latest quarter amounted to 3.5 billion rubles, or $107.5 million, a 19% increase year-on-year.

Revenues of 12.1 billion rubles, or $369.3 million, were up 37% compared with the prior-year figure of 8.82 billion rubles, and up 40% excluding the impact of Yandex.Money, the company said.

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