Russia's Polyus says Q3 net profit down 5 pct y/y

Polyus PAO

09/11/2017 07:02

MOSCOW, Nov 9 (Reuters) - Russia's largest gold producer 
Polyus  PLZL.MM  said on Thursday its third-quarter net profit 
decreased 5 percent year-on-year to $371 million due to a gain 
on derivatives and investments in the prior period, as well as 
finance costs. 
    Adjusted earnings before interest, taxation, depreciation 
and amortisation (EBITDA) rose 7 percent to $475 million while 
total revenue grew 5 percent to $744 million. 
    Polyus, controlled by the family of Russian tycoon Suleiman 
Kerimov, reiterated its production guidance for 2017 of 
2.075-2.125 million ounces. 
    The company's net debt increased to $3.15 billion as of the 
end of the third quarter compared to $3.08 billion three months 
earlier. 
    Polyus shares were up 1.5 percent in early trade in Moscow. 
 
 (Reporting by Polina Devitt and Polina Nikolskaya 
Editing by Maria Kiselyova) 
 ((Polina.Nikolskaya@thomsonreuters.com)) 
 
Keywords: RUSSIA POLYUS/RESULTS