Russia’s VKontakte owner VK hit by second quarter loss

Russia’s VKontakte owner VK hit by second quarter loss

Marina Krasnova, General Director of VKontakte, attends a session of the St. Petersburg International Economic Forum (SPIEF) in Saint Petersburg, Russia June 16, 2022. REUTERS/Anton Vaganov

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LONDON, Aug 11 (Reuters) – VK (VKCOq.L), owner of Russian social network VKontakte, reported a second-quarter net loss of 3.4 billion roubles ($56 million) on Thursday, partly due to a 14 billion rouble ($231 million) foreign exchange hit.

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