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Rapaport reported that in 2013, ALROSA’s (MCX:ALNU) profit fell 5 percent from the previous year, hitting $885.3 million. The fall came as “foreign exchange losses mounted due to a weakening ruble.”
Rapaport reported that in 2013, ALROSA’s (MCX:ALNU) profit fell 5 percent from the previous year, hitting $885.3 million. The fall came as “foreign exchange losses mounted due to a weakening ruble.”
As quoted in the market news:
Revenue from diamond sales grew 11 percent to $4.01 billion (RUB 144.2 billion). Total group revenue at the Russia-based mining company, including sales from its gas, transportation, trading, social infrastructure and construction segments, rose 12 percent to $4.69 billion (RUB 168.5 billion). The growth in group revenue was a result of increased revenue from the company’s gas assets and a larger volume of diamond sales.
The quantity of gem diamonds sold during the year rose 15 percent to 38 million carats. Group production rose 7 percent to 36.9 million carats. ALROSA’s cost of sales increased 19 percent to $2.27 billion (RUB 81.73 billion), while group debt increase 13 percent to $3.85 billion (RUB 138.6 billion).