Belon Group reported unaudited earnings results for the first half of 2014. For the period, the company reported net losses moved down (IAS) 7.84% to RUB 1.364 billion from RUB 1.48 billion prior year. The revenues declined 16.3% to RUB 4.925 billion from RUB 5.884 billion.

Operating losses coming to RUB 506 million against RUB 74 million a year ago. Pretax losses being down 38.7% to RUB 1.161 billion from RUB 1.894 billion.