icon bookmark-bicon bookmarkicon cameraicon checkicon chevron downicon chevron lefticon chevron righticon chevron upicon closeicon v-compressicon downloadicon editicon v-expandicon fbicon fileicon filtericon flag ruicon full chevron downicon full chevron lefticon full chevron righticon full chevron upicon gpicon insicon mailicon moveicon-musicicon mutedicon nomutedicon okicon v-pauseicon v-playicon searchicon shareicon sign inicon sign upicon stepbackicon stepforicon swipe downicon tagicon tagsicon tgicon trashicon twicon vkicon yticon wticon fm

Polyus Gold posts FY 2010 net profit of $356.5 million

Polyus Gold posts FY 2010 net profit of $356.5 million
Russian gold producer, Polyus Gold, has posted a FY 2010 net profit of $356.5 million under IFRS.

The bottom line is up 91% from the $186.6 million net profit posted for FY 2009, with EBITDA rising 30.6% year on year to $716.6 million, on the back of 42.7% year on year to increase in gold sales to $1.711 billion

The Company press says the results reflect higher gold prices and increased sales volumes, coupled with the consolidation of financial results from the KazakhGold group.