BRIEF-Russia's Ozon Q2 net loss more than doubles y/y

Reuters08-05

Aug 5 (Reuters) - Russian online retailer Ozon

says:

* Q2 revenue increased 30% year on year to 122.5 billion roubles ($1.45 billion), driven by 86% growth in advertising revenue and a fourfold increase in interest revenue

* Adjusted EBITDA fell by 0.7 billion roubles to a loss of 0.7 billion. Adjusted EBITDA as a percentage of GMV including services remained broadly flat year on year

* Q2 loss 28.0 billion roubles ($330.6 million) versus loss of 13.1 billion a year earlier mainly due to a significant increase in finance costs and higher depreciation and amortisation expenses

* Net cash generated from operating activities increased fourfold year on year to 41.8 billion roubles as a result of favourable working capital movements

* GMV including services rose by 70% to 633.2 billion roubles

Further company coverage:

($1 = 84.7000 roubles)

(Reporting by Reuters, Editing by)

((Olzhas.Auyezov@thomsonreuters.com;))

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