PJSC ALROSA has published its RAS financial statements for the first half of 2018
Revenues of AK ALROSA (PJSC) under RAS for the first six months of 2018 amounted to almost 126 billion rubles, which is 10 billion rubles, or 9% more than in the same period last year. The increase in revenue was primarily due to a change in the range and average prices of the products sold, due to a higher demand for medium- and large-sized raw materials.
The net profit of PJSC ALROSA in January-June period of 2018 amounted to 52.2 billion rubles, by almost 8.5 billion rubles, or 19% more than a year ago. In the first half of the year, the company reduced its management expenses by 19% - from 4.69 billion to 3.92 billion rubles. PJSC ALROSA is a part of the ALROSA Group, which includes more than 50 legal entities, and therefore the RAS financial statements do not allow us to define the financial performance of the Group as a whole. The publication of RAS accounts is carried out as part of compliance with the requirements of the legislation of the Russian Federation and is not the basis for assessing the cost or efficiency of the ALROSA Group. The basis for calculating dividend payments to shareholders is the reporting under International Financial Reporting Standards (IFRS). Reporting under IFRS for the first half of the year will be published on August 28, 2018.