BRIEF-Russia’s Yandex raises 2019 revenue forecast

Oct 25 (Reuters) – Russian internet group Yandex says:

Expects-rouble-based revenues excluding Yandex.Market to grow by 36-38% in FY 2019 (previous forecast: 32-36%).

3 net income at 4.4 billion roubles ($68.81 million), down 1% year on year;

3 adjusted net income at 6.9 billion roubles, up 12% y/y;

3 revenue at 45 billion roubles, up 38% y/y;

3 adjusted EBITDA at 13.9 billion roubles, up 29% y/y; Source text for Eikon: Further company coverage: ($1 q 63.9402 roubles) (Reporting by Moscow Newsroom)

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