ALROSA says IFRS net profit drops by 49% to 32 bln rbl in 2020

MOSCOW, Mar 2 (PRIME) -- The net profit of Russian diamond giant ALROSA dropped by 48.6% to 32.245 billion rubles in 2020, as calculated under International Financial Reporting Standards (IFRS), the company said on Tuesday.

Revenue decreased by 7% to 221.484 billion rubles, while earnings before interest, taxes, depreciation, and amortization (EBITDA) fell by 18.1% to 87.644 billion rubles. The gross profit dropped by 12.4% to 103.276 billion rubles.

Free cash flow increased by 67% to 79.46 billion rubles.

(74.0448 rubles – U.S. $1)

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