ALROSA is going to reveal its financial results under the IFRS for the 1st half of 2012. This news came in a statement released by the diamond miner. The ALROSA management will be ready to discuss the company’s performance during the first six months of 2012 in the course of a conference call to be held on October 4 at 17:00 Moscow time (14:00 London time and 09:00 New York time).
In 2011, the company produced 34.6 million carats of diamonds, driving its net profit under IFRS to 26.658 billion rubles, while its sales made it possible to rake in a record revenue of 125.3 billion rubles. The miner’s EBITDA margin in 2011 reached 47%. ALROSA also decreased its debt load to 1.5x EBITDA. The high results in 2011 gave the company a chance to increase its capital investments to 21.42 billion rubles.
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