PJSC ALROSA reporting FY 2016 IFRS results announced that revenue for 2016 totaled RUB 317.1 billion as against a revenue of RUB 224.4 billion earned in the previous year; thus increasing  by 41% y-o-y. 

EBITDA grew by 49% y-o-y to RUB 176.4 billion, while  EBITDA margin was 56%.

The most remarkable rise was in the profits of the mining company - net income jumped fourfold y-o-y to RUB 133.5 billion as compared to RUB 32.2 billion for 2015. Free cash flow increased threefold to RUB 111.4 billion.

“2016 was a year of active recovery in the diamond market following the decline of 2015,” commented  Igor Kulichik, ALROSA’s Vice President – Chief Financial Officer. “The Company managed to deliver record-high financial performance and generate net cash flow sufficient to repay short-term and medium-term liabilities and pay out dividends to shareholders.”