October 15, 2019 19:28
Alrosa's net profit to RAS plummets 41.2% to 42.2 bln rubles in 9M (Part 2)
MOSCOW. Oct 15 (Interfax) - Alrosa's (MOEX: ALRS) net profit to Russian Accounting Standards (RAS) fell 41.2% year-on-year in H1 2019 to 42.2 billion rubles, the diamond miner said.
Sales revenue fell 35% to 119.8 billion rubles.
Revenue fell amid a "challenging world diamond market situation," the company said. The same factor affected net profit.
Alrosa financial highlights to RAS, mln rubles:
||119 760 499
||183 324 740
|Cost of sales
||(68 343 787)
||(80 041 253)
||51 416 712
||103 283 487
||40 859 746
||95 694 145
||12 082 033
||65 982 373
||(16 136 446)
||(76 164 631)
||50 398 396
||89 725 756
||42 238 756
||72 775 785
Alrosa plans to unveil consolidated financial results for Q3 and 9M 2019 to International Financial Reporting Standards (IFRS) on November 7.
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