Polyus says IFRS net profit plummets 62% to $474 mln in 2018 - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Polyus says IFRS net profit plummets 62% to $474 mln in 2018

Polyus GoldMOSCOW, Feb 11 (PRIME) -- The net profit of Russian gold producer Polyus plummeted by 62% on the year to U.S. $474 million in 2018, as calculated under International Financial Reporting Standards (IFRS), the company said in a report on Monday.

Revenue went up 7% on the year to $2.915 billion in 2018.

Earnings before interest, taxes, depreciation, and amortization (EBITDA) rose 10% to $1.865 billion, with the EBITDA margin rising to 64% from 63%.

For further details, see the company’s statement on its official website:

http://polyus.com/en/media/press-releases/financial-results-for-the-fourth-quarter-and-full-year-2018/

End

11.02.2019 10:31
 
 
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