MLRYY VK Company Ltd (CE)

By Olga Razumovskaya

MOSCOW--One of Russia's biggest Internet companies Mail.RU (MAIL.LN) is raising its guidance for year-on-year revenue growth to 27%-29%, the company's Chief Financial Officer Matthew Hammond said during a telephone call Thursday.

The previous guidance was for 25%-28%. Mr. Hammond said contextual advertising will be the key driver behind this growth.

Mr. Hammond also said the company is increasing its forecast of its full-year Ebitda margin to 53%-54%, from 50%.

Write to Olga Razumovskaya olga.razumovskaya@dowjones.com

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