Russia's Yandex reports Q1 revenue rise as market awaits spin-off news

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Two youths charged with second degree murder | SaltWire #newsupdate #halifax #police #newstodayMOSCOW - Russian internet giant Yandex reported a 40% rise in first-quarter revenue to 228.3 billion roubles , driven by growth in e-commerce and ride-hailing, with the market awaiting news on a much anticipated corporate spin-off.

Yandex's search and portal business and entertainment services were also among the business lines to contribute to the revenue rise, Yandex said.

 

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