Source - SMW
Russia-based tech group Mail.Ru Group posted a slight fall in fist-half profit after revenue growth was offset by increased operating expenses.

Net profit eased back by 0.5% to around RUR2.92b, down from RUR2.92b in the previous corresponding period. 

A 39.1% increase in revenue was boosted by acquisitions. Operating costs, however, rose by 69.0% after more money was spent on marketing and personnel.

"As we have stated previously, 2017 remains an investment year for us and we continue to put significant resources behind a number of our new projects which, at this stage, are not contributing to EBITDA," the company said.