In 2017 Petropavlovsk Plc received the net profit of $41.5 million, up by 30.9% YoY.
According to the company statement, its revenue grew by 8.6%, to $587.4 million, while EBITDA dropped by 1.6%, to $196.8 million.
Petropavlovsk is one of the 5 largest gold producers in Russia. Its main assets are in Amur region, where it operates four plants: Pokrovsky Mine, Pioner, Malomyr and Albyn.
In 2017 the company produced 439.6 thousand ounces (13.7 tons) of gold, up by 9.8% YoY. This year the output is expected to total 420-460 thousand ounces. (Ukrainian metal)