Polyus says IFRS net profit plummets 60% to 29.3 bln rbl in 2018

MOSCOW, Feb 11 (PRIME) -- The net profit of Russian gold producer Polyus plummeted by about 60% on the year to 29.266 billion rubles in 2018, as calculated under International Financial Reporting Standards (IFRS), the company said in a report on Monday.

Revenue rose 16.4% on the year to 184.692 billion rubles in 2018.

Gross profit gained 17% to 117.347 billion rubles, and operating profit went up 14.1% to 96.601 billion rubles.

(66.0628 rubles – U.S. $1)

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