1 Aug 2011 17:09
1 August 2011 For immediate release
MAIL.RU GROUP LIMITED
Notification of Half Year 2011 Results
and Conference Call
London / Moscow - MAIL.RU GROUP LIMITED ("Mail.ru Group" or the "Company") confirms that it will release, before market opens on Wednesday 31 August 2011, its results for the half year ended 30 June 2011. Conference call details will follow closer to the time.
For further information please contact:
Matthew Hammond
Managing Director
Phone: +971 505 56 1315/+44 7711 624 679
Financial Dynamics
London | +44 (0)20 7831 3113 | Moscow | +7 495 795 06 23 |
James Melville-Ross | Oleg Leonov | ||
Charles Palmer | Olga Terebova | ||
Jon Snowball | |||
Emma Appleton |
About Mail.ru
Mail.ru Group is one of the largest Internet companies in the high-growth Russian-speaking Internet market. Mail.ru Group's sites reach approximately 70 per cent of Russian Internet users on a monthly basis and the Company is the world's seventh largest Internet business, based on page viewsi. Russia is today Europe's second largest Internet market measured by number of usersii.
The origins of the Company date back to 1998 and since its formation as a group in 2005, and particularly since the end of 2008, the Company has moved rapidly to build an integrated communication and entertainment platform that allows it to attract and monetise one of the largest daily Internet audiences in the Russian speaking world. The Company, which is incorporated in the British Virgin Islands, operates two of the threeiii largest Russian language online social networking sites (Odnoklassniki and Moi Mir (or "My World")). The Company also operates the two largest Instant Messaging ("IM") networks in Russia (Agent and ICQ), Russia's leading email service and Russia's second largest Internet portal based on daily and monthly unique users (Mail.ru), and the Company operates Russia's largest online games platform.
The Company holds strategic minority equity stakes in vKontakte and Qiwi (formerly OE Investments). It holds a 39.99 per cent stake in vKontakte, Russia's largest social networking site measured by daily unique users, and it holds a 21.4 per cent interest in Qiwi, one of Russia's leading payment processing companies. The Company also holds small minority stakes in international Internet companies including Facebook, Zynga and Groupon as well as a number of small venture capital investments in various Internet companies in Russia and Ukraine.
i Source: comScore
ii J'Son & Partners (September 2010)
iiiBased on monthly unique users. Source: TNS Gallup