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Polyus Zoloto suffered losses.

The IH 2014 net losses at Polyus Zoloto reached (RAS) 43.582mln rub.

vs. 45.365mln rub. in profit, the company informed.
The losses from sales declined 26.22% to 4.348mln rub. from 5.893mln rub.; pretax losses coming to 43.583mln rub. vs. 60.395mln rub. in profit.

Polyus Zoloto (TIN 7703389295) is a leading gold producer in Russia included into the group of the largest world companies by the cap value; raw base and production. The assets portfolio includes the deposits in Krasnoyarsky reg., Irkutsky reg., Magadansky and Amursky regions, Sakha Yakutiya. It was formed within the restructuring through the withdrawal of gold production assets from Nornickel into an independent public company. So far, it was set up in Mar. 2006.

It keeps 100% in Polyus Gold Producer (CJSC Polyus) having stakes in the subs including Lenzoloto (64.1%), Lenskaya Gold Company (100%), Matrosov Mine (100%), Aldanzoloto (100%), Yuzhno-Verkhoyanskaya Mining Company (100%), Yakutskaya Mining Company (100%).

The 2013 net losses (IAS) gained 807bn rub. vs. 27.733bn rub. in profit prior year; revenues dropped 11.04% to 74.126bn rub. from 83.327bn rub.; operating profit - 4.52 fold to 8.237bn rub. from 37.248bn rub.; pretax profit - 15.3 fold to 2.3bn rub. from 35.182bn rub.

The 9-month 2013 net profit (RAS) plunged 2.37 fold to 5.081bn rub. from 12.054bn rub. prior year. The losses from sales moved up 11.11% to 6.999mln rub. from 6.299mln rub.; pretax profit dropped 2.38 fold to 5.101bn rub. from 12.12bn rub.

"AK&M", 24.07.2014


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