VKontakte notes a significant increase in profits

The VKontakte company, which owns the social network of the same name, reported a significant increase in income. This year, its revenue exceeded last year's figures by almost 42%, amounting to 3.29 billion rubles.

Net profit at the same time delivered 516 million rubles, which is 13.9% more than last year. The company receives income mainly from advertising.

To date, almost 120 million users have already registered on the social network (although it does not indicate what percentage of them are active). According to the magazine Forbes, VKontakte is one of the largest companies in Russia, ranking eighth.

However, not only profits are growing. Over the past year, the company's expenses have also increased significantly - by approximately 46%.