The net loss of Russian gold producer Lenzoloto tripled to 1.072 billion rubles in January-June, as calculated under International Financial Reporting Standards (IFRS), the company said in a statement on August 24.
The pre-tax loss also tripled to 1.091 billion rubles, income from sales fell by 17.5%, to 2.396 billion rubles, including income from gold sales declining by 17.8%, to 2.252 billion rubles. The gross profit dropped by 41%, to 834 million rubles.
Liabilities doubled in the period to 4.035 billion rubles as of June 30. (Prime/Ukrainian metal)