Alrosa’s revenues up 41% in 2016

PJSC ALROSA, the global leader in rough diamond production announced its FY 2016 IFRS results.

Igor Kulichik, ALROSA’s Vice President – Chief Financial Officer stated that, “2016 was a year of active recovery in the diamond market following the decline of 2015. The Company managed to deliver record-high financial performance and generate net cash flow sufficient to repay short-term and medium-term liabilities and pay out dividends to shareholders”.

Revenues rose by 41 percent on y-o-y basis to RUB 317.1 bn, while net income was up fourfold y-o-y to RUB 133.5 bn. Free cash flow increased threefold to RUB 111.4 bn. . EBITDA grew by 49 percent y-o-y to RUB 176.4 bn, with EBITDA margin totaled 56 percent.