Yesterday, RBC Information Systems released preliminary financial performance results for 2004, calculated in compliance with international accounting standards. The company's revenue rose 54.7 percent to USD75.5m, compared with 2003, and the EBITDA rate (earnings before interest, tax, depreciation, and amortization) increased 2.5 times to USD20.1m. Ivan Vorobyev, an analyst at the Baltic Financial Agency, said that the results posted exceeded his expectations by 5 percent on average, yet, he believes that the company's capitalization is currently overstated. "We believe that the growth potential of RBC's shares has been used up; we evaluate them at USD1.6 a share and recommend selling them." Yesterday, at 3 p.m., RBC shares were traded at USD3.35 on the RTS.