In January-September Seligdar received 950.26 million rubles of net profits, up by 14% YoY.
According to the company statement, its EBITDA decreased by 5.1%, to 3.111 billion rubles, while profits before taxation grew by 13.8%, to 1.193 billion rubles.
Revenue increased by 6.1% YoY, to 8.333 billion rubles, with gold sales revenue down by 1.5%, to 7.195 billion rubles.
In 9 months the group produced 3.22 tons of gold, up by 3.2% YoY. This year Seligdar intends to increase gold output by 18.5%, to 5.12 tons. By 2020 the output is expected to have grown to 8.5 tons. In 2016 Seligdar produced 4.3 tons of gold, up by 24.5% YoY. (Ukrainian metal)