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Investing.com -- Russian internet giant Yandex (NASDAQ:NBIS) reported a 34% year-on-year increase in second-quarter adjusted net profit to 30.4 billion roubles ($374.61 million) on Tuesday, bouncing back from a first-quarter net loss.
The company saw revenue climb 33% year-on-year to 332.5 billion roubles, with growth primarily driven by its e-commerce division and fintech services.
Adjusted earnings before interest, tax, depreciation and amortisation rose 39% to 66 billion roubles.
Following its separation from its Nasdaq-listed Dutch parent company in 2024, Yandex announced last year it would pay dividends for the first time after historically prioritizing growth over shareholder payouts.
The company paid a dividend of 80 roubles per share on both half-year and full-year results in 2024. Yandex said its board will consider another 80-rouble-per-share dividend for the first half of 2025 at a meeting scheduled for July 31.
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