Mail.ru Group is out of Facebook shares

In July-August, 2013 Mail.ru Group has sold the rest 14,2 million shares of Facebook, getting for it more than $525M, informs the Russian Company about the results of the first half year.

When Mail.ru Group entered the London Stock Exchange in November, 2010, is owned 2,4% of Facebook. The Company started to buy these shares in 2009, when its name was Digital Sky Technologies.

It is said in the message of Mail.ru that a half year net profit on IAS increased 27,6% in annual expression up to 5,06B RUB. The forecast on annual earnings growth in rubles the Company increased up to 27-29% from 25-28%. The half year profit increased 28,4% up to 12 442M RUB. EBITDA increased 26% up to 6,706B RUB.