Profit before Income Tax

As a result of the reasons described above, the Company’s profit before income tax increased by RUB 3,806 million, or 46.6% year-on-year, from RUB 8,172 million in 2017 to RUB 11,978 million in 2018.

Income Tax Expenses

Income tax expenses increased by RUB 831 million, or 50.7% year-on-year, from RUB 1,638 million in 2017 to RUB 2,469 million in 2018, due to an increase in taxable profit.

Total Profit and Comprehensive Income for the Period

As a result of the factors discussed above, the profit for the full year of 2018 increased by RUB 2,975 million, or 45.5% year-on-year, to RUB 9,509 million compared to RUB 6,534 million for the same period of 2017. Taking into account the exchange rate differences relating to foreign operations, as well as other effects, the total comprehensive income of the Company for the reporting period increased by 50.9% and amounted to RUB 9,821 million, compared to RUB 6,508 million for the full year of 2017.