ALROSA Reports Loss in 2014

ALROSA (MCX:ALRS) announced a loss of $283.8 million ‎in 2014, attributed to foreign-exchange losses on the company’s U.S. dollar-denominated debt, following depreciation of the ruble in 2014.

As quoted in the press release,

ALROSA recorded a net loss of RUB 16.8 bn for the year due to increased FX loss as the result of revaluation of the US-denominated part of the debt portfolio following the ruble depreciation in 2014.

Click here for the full ALROSA (MCX:ALRS) press release