The Ukrainian Metal

Russia: Nordgold net profit up in H1 2019

In January-June Nordgold received $61 million of net profit, up by 9% YoY.

EBITDA grew by 6%, to $259.9 million and revenue – by 5%, to $621.8 million.

In Q2 net profit dropped 10.5-fold QoQ, to $6.1 million, EBITDA went up by 18%, to $144.3 million and revenue – by 20%, to $339.2 million.

The company net debt decreased by 2%, and as of June 30 totaled $927.1 million, while gross debt increased by 3%, to $1.054 billion.

In H1 gold output grew by 5%, to 470.5 thousand ounces. (Ukrainian metal)

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