Menu Click here
website logo
Sign In| Sign Up
back back
Diamond trading
Search for Diamonds Manage Listings IDEX Onsite
diamond prices
Real Time Prices Diamond Index Price Report
news & research
Newsroom IDEX Research Memo Search News & Archives RSS Feeds
back back
Diamond trading
Search for Diamonds Manage Listings IDEX Onsite
diamond prices
Real Time Prices Diamond Index Price Report
news & research
Newsroom IDEX Research Memo Search News & Archives RSS Feeds
back back
MY IDEX
My Bids & Asks My Purchases My Sales Manage Listings IDEX Onsite Company Information Branches Information Personal Information
Logout
Newsroom Full Article

ALROSA 2015 Revenue +8%

March 17, 16 by David Brummer

(IDEX Online News) – Russian miner ALROSA, the world’s largest diamond producer by volume, has announced that its 2015 revenue reached RUB224.5 billion ($3.24 billion) – an 8-percent year-on-year increase.

 

The company acknowledged that sales volume suffered a 24-percent year-over-year decline, but a favorable foreign exchange environment contributed to strong financial results. Net income totaled RUB32.2 billon as compared to net losses of RUB16.8 billion in 2014.

 

“After a decline in rough diamond market activity in 2H 2015, we note signs of recovering market demand for the Company’s main products,” said ALROSA CEO Andrey Zharkov. “ALROSA’s strong FY 2015 financial results were supported by both sales favorable FX market environment and the company’s cost control initiatives.”

Diamond Index
Related Articles

ALROSA Diamond Production Expected to Reach 39 Million Carats in 2016

December 23, 15 by Danielle Max

Read More...

ALROSA Estimates Diamond Reserves at 1.1 Billion Carats

February 28, 16 by David Brummer

Read More...

Rusisan Government Likely to Sell 11% of ALROSA in Privatization Deal

March 01, 16 by David Brummer

Read More...

Newsletter

The Newsletter offers a quick summary of the past week's industry news and full articles.
Our Services About IDEX Privacy & Security Terms & Conditions Sign-Up Advertise on IDEX Industry Links Contact Us
IDEX on Facebook IDEX on LinkedIn IDEX on Twitter