ALROSA exports 40 233 carats of diamond to Armenia in Jan-Sept

PanARMENIAN.Net - ALROSA exported 40 233 carats of diamond worth of USD 4,851 mln to Armenia in January-September 2013 against 34 769 carats worth of USD 7,586 mln in the same period of 2012.

47 531 carats of diamond were produced in Armenia in January-September 2013 against 27 043 carats from the year-earlier period (75,8% growth).

ALROSA’s Q2 2013 revenue increased by 9% compared to Q2 2012 and amounted to RUB 42.8 bn as the result of increased diamond sales volumes. EBITDA grew by 1% to Q2 2012 and amounted to RUB 19.4 bn with a margin of 45%. In Q2 2013, ALROSA’s net profit amounted to RUB 8.4 bn, which was a 2.4x increase vs Q2 2012 mainly due to the recognition of gain on disposal of 51% stake in “Timir” and lower FX losses.

H1 2013 revenue grew by 7% vs H1 2012 and reached RUB82.3 bn driven by increased sales volumes and improved demand for diamonds in Q2 2013. EBITDA decreased by 1% and amounted to RUB 35.2 bn, net profit decreased by 10% and amounted to RUB 14.6 bn due to growth of FX losses and higher interest expenses.

ALROSA posted positive dynamics in the diamond markets in H1 2013, which resulted in a 7% growth of rough diamond prices since the beginning of 2013.