GV Gold says IFRS net profit falls 25% to $38 mln in Jan–June

IRKUTSK, Aug 26 (PRIME) -- The net profit of Russian gold producer GV Gold decreased 25.1% on the year to U.S. $38.1 million in January–June, as calculated under International Financial Reporting Standards (IFRS), the company said on Thursday.

Revenue fell by 25.1% to $177 million, while the operating profit decreased by 58% to $37 million.

Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) declined by 31% to $77 million. Return on EBITDA increased to 47%.

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