Press releases | Archive 2002
Joint press release of RBC and ATON.
With the upcoming initial public offering in April 2002 on RTS and MICEX, RBC announces Aton Capital to act as a lead manager. Freshfields Bruckhaus Deringer are the legal advisers to the underwriter. Ernst and Young are the legal advisers to the issuer.
"RBC's choice of partners and consultants for the placement is based on their professionalism and their proven business reputation on the Russian and International markets. These companies are helping us provide maximum openness and transparency for the market. In keeping with this effort, we are please to announce the completion of the 2001 audit of the RBC Group, which was performed by KPMG, our permanent auditor", said RBC General Director, Yuri Rovensky.
Total Revenue for the financial year ending December 31, 2001 was US$ 16.95 million. Media based revenues (consisting of information services and advertising) amounted to US$ 9.85 million, while IT revenues (consisting of software development, off-shore programming, system integration, and consulting) amounted to US$ 7.1 million. Net profit for the year 2001 was US$ 6.3 million, a 260% increase over 2000 (US$ 2.37 million). The development dynamic confirms earlier forecasts, and RBC continues to demonstrate its steady growth.