PROFIT & LOSS

Alrosa's revenue plummets as sales deferred

Alrosa posted an 82% year-on-year drop in revenue in the second quarter as the pandemic-led economic crisis forced the Russian diamond producer to defer sales to later in the year.

Alrosa's struggles continued in Q2

Alrosa's struggles continued in Q2

The company's revenue for Q2 amounted to RUB 10.4 billion (US$141 million), with diamond sales down by 92% year-on-year to 0.6 million carats. Net profit for the quarter plummeted 98% year-on-year to RUB...

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