ALROSA Reports 29-percent Drop in Q3 Revenue

ALROSA (MCX:ALNU) reported its results for the third quarter of 2015, as well as the first nine months of the year. Its Q3 revenue fell 29 percent from the same period in 2014, and expenses fell by 30 percent — as a result, the company’s margin stayed flat at 48 percent.
As quoted in the press release:

9M 2015 ALROSA revenue inceased 17% y-o-y and amounted to RUB 172.5 bn. Despite 20% y-o-y sales volume decline, FX market environment contributed to strong 9M 2015 financial results. EBITDA grew by 36% and reached RUB 89.8 bn. Net income rose 2.5 times to RUB 32.2 bn. Free cash flow increased by 59% and amounted to RUB 35.8 bn.

Click here to read the full ALROSA (MCX:ALNU) press release.