Russia Yandex: 2018 settlement account, dispatch service sales 3.9 times – Expansion in 10 foreign countries
February 25, 2019
YandexN.V. (Registered in the Netherlands): major search engine in Russia
According to the 2018 consolidated account settlement (US GAAP) announced on February 15,
Sales：
35.7% increase from the previous year: 127.6 billion rubles (217 billion yen, 1 ruble = 1.7 yen)
Net income attributable to the company
5.4 times the previous year: 47.5 billion rubles
In April 2018 with the state-owned biggest bank Svesbank
Yndex integrated the EC Division (Yandex Market)
Net profit excluding this sector is 2.5 times: 18.4 billion rubles
Yandex aims to diversify businesses other than online advertising.
Sales by Segment:
Non-advertisement income ratio reached 20% for the first time, especially the taxi department showed a high rate of increase of 3.9 times from the previous year.
June 2018 Launched a dispatch service that integrates the technology base of Uber in Russia.
Currently developing in over 10 foreign countries (see the article on November 16, 2018)
– JETRO
https://www.jetro.go.jp/biznews/2019/02/a38a714c01b22ca1.html