“Net profit of ALROSA for the company in 2017 fell nine times

Net profit of OJSC “ALROSA” under RAS in 2017 fell 8.7%, to 16,854 billion rubles, follows from company documents.

The fall was caused by the revaluation of investments in “ALROSA-Nyurba” , in which the company controls 87.5% of the shares. The quotations of the company fell sharply last year, which required a revaluation that does not affect the results for the IAS, said the company.

The revenue of ALROSA decreased by 20% amounting to 200 billion rubles.

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