ALROSA held the first tender for the sale of rough and polished diamonds on the Shanghai Diamond Exchange (SDE). The tender was held in the scope of the Letter of Intent signed by ALROSA and the SDE in April 2013, the company informed.
35 companies participated in the inspection sessions for both rough and polished diamonds. The tender brought the total of $505,362 thousand for the sale of rough diamonds and $245,389 thousand for polished diamonds.
The first tender on the platform of the SDE is a test one for ALROSA. However, the Company believes its results are positive as the SDE's members showed a keen interest in the tender. The Company's plans provide for further cooperation with the SDE.
The Letter of Intent with the SDE is another step of the Company towards the development of its cooperation with Chinese companies. Earlier, ALROSA entered into a long-term agreement for the supply of rough diamonds with Chow Tai Fook Jewellry Group Limited, one of the leading jewelry manufacturers in China.
ALROSA (tax number: 1433000147) is one of the largest diamond-mining companies of the world accounting for 97% of all diamonds of the Russian Federation and about 25% of the global diamond production. The company includes the unified marketing company United Selling Organization ALROSA, Brillianty ALROSA, Aikhal Mining and Processing Division, Mirny Mining and Processing Division, Udachny Mining and Processing Division and Nyurba Mining and Processing Division. In 2010, ALROSA Group sold diamonds and brilliants for $3.483 billion.
The share of the Russian Federation in ALROSA's authorized capital is 50.9%. Republic of Sakha (Yakutia) and 8 uluses (districts) where the company's deposits lie secure 40% of shares. The company's authorized capital is RUB 3.682 billion represented by 272,726 common shares at par value of RUB 13,502.5.
IFRS net profit of ALROSA for 2012 increased by 26.17% to RUB 33.634 billion from RUB 26.658 billion for 2011. Revenue rose by 9.55% to RUB 150.88 billion from RUB 137.732 billion, pre-tax profit by 15.24% to RUB 44.151 billion from RUB 38.313 billion, EBITDA decreased by 5.01% to RUB 61.95 billion from RUB 65.217 billion, EBITDA margin was 41% against 47% the year before.
According to the information and retrieval system DataCapital, RAS net profit of ALROSA for H1 2013 decreased by 3.89% to RUB 15.209 billion from RUB 15.824 billion the year before. Revenue grew by 2.4% to RUB 68.01 billion from RUB 66.418 billion, sales profit decreased by 7.97% to RUB 25.955 billion from RUB 28.202 billion, pre-tax profit by 8.54% to RUB 19.134 billion from RUB 20.921 billion.