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Follow Us Heads for Highest in 4 Weeks as Profit Beats Estimates

Aug. 31 (Bloomberg) -- Group Ltd. headed for its highest in almost four weeks after the Russian Facebook Inc. investor’s first half-half earnings beat analysts’ expectations.

The shares advanced 7.1 percent in London to $34 by 10:50 a.m., poised for its highest close since Aug. 4.

Net income climbed to $85.6 million in the first half from $39.7 million a year earlier, said today in a statement. That beat the average estimate of $69.3 million from six analysts surveyed by Bloomberg.

“ Group’s strong results came above expectations and should support the stock price,” Konstantin Belov, an equity analyst at UralSib Financial Corp., wrote in an e-mailed report today.

To contact the reporter on this story: Jason Corcoran at

To contact the editor responsible for this story: Gavin Serkin at

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