Russia's Ozon reports positive earnings for fourth quarter in a row

Ozon Holdings

24/05/2023 13:25

May 24 (Reuters) - Russian e-commerce firm Ozon  OZON.O 
said on Wednesday that its adjusted earnings before interest,
tax, depreciation and amortisation (EBITDA0 in the first quarter
of 2023 was in positive territory for the fourth quarter in a
row, reaching 8 billion roubles ($100.1 million).
    The company added that its gross merchandise value (GMV) -
the total value of goods and services sold by the platform -
grew 71% year-on-year to 303 billion roubles in the first
quarter.
    
    ($1 = 79.9000 roubles)

 (Reporting by Reuters, Editing by Louise Heavens)