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