ALROSA reports H1 2015 IFRS results

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H1 2015 ALROSA revenue increased by 26% y-o-y and amounted to RUB 131.9 bn. EBITDA grew by 49% y-o-y and reached RUB 70.5 bn with EBITDA margin going up to 53%.

Net profit in H1 2015 grew 2.1x y-o-y and amounted to RUB 47.4 bn.

Free cash flow in H1 2015 increased by 72% y-o-y and amounted to RUB 35.4 bn due to higher operating profit.

Andrey Zharkov, PJSC ALROSA CEO, commented: “FX market environment continues to have positive impact on ALROSA’s financial results. The Company notes a steady increase in demand for diamond jewelry in the USA. Less active diamond jewelry market in Asia is a result of deterioration of the macroeconomic situation in the region. ALROSA's forecast for rough diamond demand is a conservative one, though the market is expected to pick up by year-end 2015.”

This page was last updated on 28 August 2015 at 10.34