Many investors consider it preferable to invest in profitable companies over unprofitable ones, because profitability suggests a business is sustainable. That said, the current statutory profit is not always a good guide to a company’s underlying profitability. Today we’ll focus on whether this year’s statutory profits are a good guide to understanding Yandex (NASDAQ:YNDX).
While Yandex was able to generate revenue of ₽198.4b in the last twelve months, we think its profit result of…
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