Equities

ALRS

RU0007252813

Non-Gold Precious Metals & Minerals

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Mar. 28	Russia confirms deal to buy part of diamond producer Alrosa's output	RE
Mar. 14	Russian diamond ban creates costly delays, Antwerp diamond dealers say	RE

AK Alrosa : Russia's Alrosa third-quarter net profit halves on losses from flooded mine

November 17, 2017 at 01:01 am EST

MOSCOW (Reuters) - Alrosa, the world's largest producer of rough diamonds, said third-quarter net profit has halved to 12.95 billion roubles (164.16 million pounds) from the year-ago period, caused by losses related to a flooded underground mine.

The company said it incurred losses worth 7.38 billion roubles from the flooded mine Mir.

The profit for the period fell from 26.6 billion roubles earned in July-September 2016, while sales declined to 58.9 billion roubles from 68.9 billion roubles.

(Reporting by Anton Kolodyazhnyy, Writing by Vladimir Soldatkin; Editing by Sherry Jacob-Phillips)

Latest news about ALROSA

Russia confirms deal to buy part of diamond producer Alrosa's output	Mar. 28	RE
Russian diamond ban creates costly delays, Antwerp diamond dealers say	Mar. 14	RE
EU, G7 indirect Russian diamond ban comes into effect	Mar. 01	RE
Public Joint Stock Company ALROSA Reports Earnings Results for the Full Year Ended December 31, 2023	Feb. 25	CI
UK announces new Russia sanctions to mark Ukraine invasion anniversary	Feb. 22	RE
EU adds Russia's biggest diamond producer Alrosa to sanctions list	Jan. 03	RE
Russia's Alrosa 2023 diamond output falls to 34.6 mln carats	Dec. 22	RE
Russia says it will have no trouble skirting latest EU sanctions	Dec. 19	RE
Angola's new diamond mine opens against backdrop of weak demand	Nov. 27	RE
EU plan for new Russia sanctions to go to members this week - Borrell	Nov. 13	RE
EU to host 3-day G7 technical meeting on Russian diamond ban next week - sources	Nov. 09	RE
EU countries to debate of 12th package of Russia sanctions next week - officials	Nov. 08	RE
In diamond centre Antwerp, Russian gems are already shunned	Nov. 03	RE
G7 plan to ban Russian diamonds to further dim industry sparkle	23-10-30	RE
G7 to discuss four versions of Russian diamond ban this week- sources	23-10-19	RE
G7 to discuss four versions of Russian diamond ban this week- sources	23-10-18	RE
Indian trade bodies call for two-month halt to rough diamond imports	23-09-27	RE
India visit next week as G7 looks to take the shine off Russian diamonds	23-09-21	RE
Alrosa suspends rough diamond allocations for Sept-Oct - India's trade body	23-09-20	RE
G7 to announce Russian diamonds ban in 2-3 weeks - Belgian official	23-09-15	RE
India asks US to release funds frozen over suspected Russia diamond link -sources	23-08-30	RE
Russia's Alrosa reports strong diamond sales despite sanctions	23-08-14	RE
Public Joint Stock Company ALROSA Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023	23-08-13	CI
De Beers-Botswana deal signals rocky road for rough diamonds	23-07-03	RE
Russian rouble recovers some ground after volatile week	23-06-19	RE

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Company Profile

PJSC Alrosa specializes in exploring and extracting diamonds. Net sales break down by activity as follows: - production and sale of diamonds (93.9%); - transport services (2.7%); - gas sales (1.4%); - operation of social infrastructure (1.2%): residential units, sports complexes, cultural facilities, etc.; - other (0.8%). Net sales are distributed geographically as follows: Russia (12.1%), Belgium (36.1%), India (20.1%), United Arab Emirates (20.1%), Israel (8.2%), Switzerland (1.1%), China (1%) and other (1.3%).

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Non-Gold Precious Metals & Minerals

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