July 29 (Reuters) - Russian internet giant Yandex

bounced back from a first-quarter net loss to report a 34%

year-on-year rise in second-quarter adjusted net profit to 30.4

billion roubles ($374.61 million), the company said on Tuesday.

Following a lengthy split from its Nasdaq-listed Dutch

parent company in 2024, Yandex, which had always prioritised

growth over dividends, announced a year ago that it would pay

dividends for the first time.

It paid a dividend of 80 roubles per share on half-year

and full-year results in 2024 and the board will again consider

an 80-rouble-per-share dividend for the first half of 2025 on

July 31, Yandex said.

Revenue increased by 33% year-on-year to 332.5 billion

roubles, driven by growth in Yandex's e-commerce division and

its fintech services, Yandex said.

Adjusted earnings before interest, tax, depreciation and

amortisation, were up by 39% to 66 billion roubles.

A Russian consortium of buyers in July 2024 finalised a

$5.4 billion

cash-and-shares deal

to acquire Yandex's Russia-based assets, the largest

corporate deal since the start of Russia's war in Ukraine in

February 2022.

Yandex maintained its forecast for total revenue growth

in 2025 of more than 30% and adjusted EBITDA of 250 billion

roubles.

($1 = 81.1500 roubles)