Russia's Polyus says 2016 net profit up 42 pct y/y on FX gain
21/02/2017 07:05
MOSCOW, Feb 21 (Reuters) - Russia's largest gold producer
Polyus Gold PLZL.MM said on Tuesday its 2016 net profit rose
42 percent year-on-year to $1.4 billion due to one-off non-cash
items, including a foreign exchange gain and a gain on
derivatives.
Polyus profit, excluding these non-cash items, was largely
flat at $952 million due to higher interest expense, the company
said in a statement.
(Reporting by Polina Devitt; editing by Katya Golubkova)
((Polina.Devitt@thomsonreuters.com; +7 495 775 12 42; Reuters
Messaging: polina.devitt.reuters.com@reuters.net))
Keywords: RUSSIA POLYUS/RESULTS