In 2016 Seligdar received 3.696 billion rubles of net profits as opposed to the net loss of 1.362 billion rubles in 2015.
According to the company statement, its profits before taxation reached 4.632 billion rubles (1.672 billion of losses in 2015), and EBITDA – 5.046 billion rubles, up 1.4-fold.
Seligdar increased earnings by 39.1% YoY, to 11.257 billion rubles. Gold sales reached 10.388 billion, up by 39.1%. The only gold buyer in 2016 was VTB. Last year the group produced 4.332 tons (or 139.277 thousand ounces) of gold, up by 2.5% YoY. (Ukrainian metal)