Bloomberg News

Etalon Group Rises to Three-Week High as Income Jumps 41%

October 13, 2011

(Updates with closing share price in second paragraph.)

Oct. 13 (Bloomberg) -- Etalon Group climbed to its highest level in three weeks after the Russian housing developer said net income rose 41 percent to $96 million in the first half from the same period last year.

The London-listed global depositary receipts added 2.8 percent to $4.09, their highest level since Sept. 22.

--Editors: Linda Shen, Peter Branton

To contact the reporter on this story: Jason Corcoran at Jcorcoran13@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net


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