IFRS net profit of Polyus Gold for H1 2014 was $253 million against a loss of $167 million the year before, the company reported.
Revenue decreased by 1.66% to $1.007 billion from $1.124 billion, profit from operations was $278 million against a loss of $156 million, adjusted EBITDA decreased by 5.76% to $393 million from $417 million, EBITDA margin to 39% from 41%.
Polyus Gold International is the largest gold producer in Russia and one of the top 10 leading gold producers worldwide. The company has the third largest reserves in the world (proven and probable reserves under international standards of 83 million ounces).
The main facilities of Polyus Gold are located in the mining regions of Eastern Siberia and the Russian Far East and include 5 active mines, gold deposits and a series of projects in the construction and development phase.
IFRS net profit of Polyus Gold International Limited for 2013 dropped 6.77 times to $143.001 million from $965.104 million for 2012. Revenue decreased by 13.1% to $2.329 billion from $2.68 billion, adjusted operating profit by 42.73% to $693.526 million from $1.211 billion, EBITDA by 30.16% to $910.076 million from $1.303 billion. EBITDA margin was 39% against 49% the year before.