Moscow, March 16, 2017 – PJSC ALROSA, the global leader in rough diamond production, reports FY 2016 IFRS results.
ALROSA’s 2016 revenue increased by 41% y-o-y and totaled RUB 317.1 bn. EBITDA grew by 49% y-o-y to RUB 176.4 bn, with EBITDA margin totaled 56%.
Net income surged fourfold y-o-y to RUB 133.5 bn. Free cash flow increased threefold to RUB 111.4 bn.
“2016 was a year of active recovery in the diamond market following the decline of 2015. The Company managed to deliver record-high financial performance and generate net cash flow sufficient to repay short-term and medium-term liabilities and pay out dividends to shareholders”, – said Igor Kulichik, ALROSA’s Vice President – Chief Financial Officer.