The Ukrainian Metal

Russia: Nordgold net profit down in H1 2018

In January-June Nordgold net profit decreased by 17% YoY, to $56.2 million.

According to the company, the revenue dropped by 3%, to $589.7 million.

EBITDA went down by 8%, to $246.2 million.

In Q2 net profit decreased 3.1-fold QoQ, to $13.9 million

The revenue dropped by 3%, to $289.6 million, and EBITDA – by 5%, to $120.2 million.

The company net debt grew by 15%, and as of June 30 totaled $797.2 million. (Ukrainian metal)

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