17 December, 2012 Aurora Russia Limited, the Alternative Investment Market (AIM) listed investment company who owns OSG Records Management (“OSG” or the “Company”), has announced that OSG is to be admitted to trading on AIM, part of the London Stock Exchange. The news was released in Aurora Russia’s results for the six months ended 30 September 2012.
The results also highlighted that OSG’s revenues for the six months rose to £10.8m compared to £9.16m for the same period in 2011. The EBITDA, a measurement of OSG’s financial performance was also up 42% to £1.7m at 30 September 2012.
OSG has grown successfully in order to meet a rising demand for records management services in Russia and neighboring countries. The company has built a network of over 40 document and data centers in Russia, Poland, Ukraine, Kazakhstan, Belarus, Bulgaria and Armenia. Their client base includes regional and international leaders in the banking, audit, retail, service, telecoms, legal, oil, health and leisure industries.
“OSG is delighted to deliver another period of excellent growth. We see enormous potential in our markets and very much look forward to our imminent admission to AIM. It puts us in a strong position to take the company to a new level.”