ALROSA says IFRS net profit falls by 87% to 3 bln rbl in Jan–Mar

MOSCOW, Jun 5 (PRIME) -- The net profit of Russian diamond mining giant ALROSA fell by 87.2% on the year to 3.1 billion rubles in January–March, as calculated under International Financial Reporting Standards (IFRS), the company said in a report on Friday.

Revenue decreased by 11% to 62.7 billion rubles. Earnings before interest, taxes, depreciation, and amortization (EBITDA) decreased 4% to 30 billion rubles.

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

http://eng.alrosa.ru/alrosa-q1-2020-ifrs-results/

(69.0151 rubles – U.S. $1)

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