Google has committed $ 500 million in fines case

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The company Google Inc has reserved an amount equal to $ 500 million to compensate for possible sanctions by the U.S. Department of Justice, which recently organized a detailed check of the advertising service Google.

Provision for such a large amount of impact on the financial performance of the company, as part of the funds has been officially withdrawn from the report provided by the Commission for Securities and Exchange Commission U.S.. Thus, net profit dropped from Google $ 2.3 billion ($ 07.04 per share) to $ 1.8 billion (or $ 5.51 per share).

According to the company: "In May 2011, in connection with a potential solution on the ongoing review by the U.S. Department of Justice for the work of Google advertising with some of the advertisers, we deposited $ 500 million from the amount of period ended March 31, 2011".

Representatives of the search engine refused to comment on ongoing inspection, but said that, irrespective of its potential results, it will not cause significant harm to business Internet company.